PwC has announced the appointment of Alex Bertolotti to lead its UK insurance practice, replacing Jim Bichard in the role.
Bichard will take on the role of global insurance leader.
Bertolotti, who is also PwC’s global lead on IFRS 17, has experience that covers a wide range of clients and projects, including transactions, consulting and regulatory driven projects in locations such as the UK, CEE, Russia, US, Saudi Arabia and Brunei.
For five years until 2008, he was based in Moscow as the lead for the insurance and investment management practice and from 2009 to 2012 he chaired the City UK Russia Committee.
PwC has also appointed Andy Moore as London Market insurance leader. Moore has been with the firm for 23 years and previously acted as its insurance risk and regulatory leader.
Moore will be responsible for the firm’s activities and services for the Lloyd’s market as well as other major UK broker markets.
He takes over the role from Paul Delbridge, who is retiring after more than 30 years with the firm.
“I’m very pleased to welcome Alex and Andy to the leadership of our insurance practice at such a crucial time for the sector,” said Andrew Kail, UK Financial Services leader at PwC.
“As our new UK insurance leader, Alex brings with him proven business building experience and deep knowledge of the industry. He is well qualified to assist our clients’ transformation journeys, whilst driving consistent improvement in the impact of our entire portfolio of services.
“And given the importance of the London Market to the sector, I am delighted that Andy will take over leadership following the retirement of Paul Delbridge. Andy’s work and experience ranges from conducting skilled person reviews to M&A deals. We are fortunate that Andy will be able to bring his wealth of expertise to help us continue to develop how we work with our London market.”
Commenting on his appointment, Bertolotti said, “I’m excited to be taking on this role at such an interesting but challenging time for the sector.
“Jim Bichard has done a fantastic job leading our UK insurance practice over the last three years, in particular building out our strong advisory capabilities. I wish Jim all the best as our new global insurance leader and I look forward to the UK practice playing its full part in our global network.
“And while there are testing and complex issues – not least the ongoing developments in technology – for the sector, I also see significant opportunities and choices for our clients. I believe we can play a valuable role in helping them navigate this ever-changing environment as they adapt and grow to face the future.”
Moore added, “I feel very privileged to be taking over this role within our insurance practice. The London Market is facing a particularly challenging time in 2020, with current events putting strain on every business as they deal with the operational, human and economic impacts of the current pandemic.
“Despite these challenges, the London Market continues to be very dynamic, with modernisation, innovation, diversity and disruption all high on the agenda.
“I look forward to ensuring that PwC offers the very best that we can to our clients, and to build on the very strong foundations that Paul Delbridge and previous partners have laid.”