Global insurance, reinsurance, advisory and tax consultancy PwC has named Jim Bichard as its new UK insurance leader, taking charge of a 1,000 strong UK-based practice focused on insurance and reinsurance clients.
Bichard has been in charge of PwC’s London Market and Broking team since April 2013 and has been with the organisation 20 years, including five years spent in New York. Bichard takes over from Jonathan Howe, who has led the UK insurance and reinsurance practice at PwC since 2013.
Bichard has worked in the reinsurance industry throughout his time at PwC, assisting clients on a range of projects including risk and regulatory, governance, structuring and assurance. He also led PwC’s Solvency II and insurance & reinsurance regulatory team across the UK and EMEA.
Bichard commented on his appointment; “I am thrilled to be asked to lead such a strong and diverse team who are passionate about what they do. The insurance industry has never been a more dynamic place to work and although there are many challenges, there are also opportunities for the industry to restate its value to society and grow successfully.
“I look forward to working with our clients as they deal with technological transformation and business challenges, rising costs, ongoing regulatory or accounting changes and the process of the UK leaving the European Union.”
Andrew Kail, UK financial services leader at PwC, added; “Insurance is a critical part of the financial services industry and a key industry sector for PwC so I am delighted Jim has taken on the leadership of our UK insurance practice.
“Jim brings a wealth of experience and is ideally suited to working with our clients as they manage significant change in the years ahead.”
Jonathan Howe has increasingly been focused on insurance technology and the insurtech wave in recent years. He will remain focused on the insurtech space for PwC and will also take up a senior role assisting clients across all industries to transform their global operating models, in response to changing market forces and disruptive technologies.