Specialist financial and commercial lines MGA, Spring Insure has announced the appointment of Tristan Sargeaunt as the new Group CEO, taking over from co-founder, Nathan Sewell.
The new executive joins Spring Insure from specialist Lloyd’s of London insurance broker Protean Risk, where he was Managing Director and oversaw the business’s continued growth within the financial services sector.
When he first joined Protean Risk, he established the firm’s fintech and payment services team with responsibility for servicing all types of fintech and technology firms.
Sargeaunt has gained a reputation as a leading expert in Professional Indemnity, Crime, Directors & Officers and Cyber insurance, acquired throughout his 18 year career.
Tristan Sargeaunt, Spring Insure Group CEO, commented: “Spring Insure is such an exciting MGA. I love the firm’s culture and entrepreneurial drive and it’s great to be joining such a highly experienced and successful team.
“We have ambitious plans for 2023, expanding our product lines and exploring new underwriting opportunities to meet the needs of our brokers. With the constant evolution of technology in commerce, we are discovering new risks year on year and, given Spring’s agility and dynamism, we are quick to respond with innovative underwriting to suit.
“We will also be adding to our team of experts in 2023, recruiting insurance specialists from both broker and insurer backgrounds, which is where Spring Insure sets itself apart from the rest of the market. Our diverse team can successfully cater to the needs of brokers and insurers because we have knowledge and experience of both.”
As Sargeaunt takes over the reins of the Group, Sewell will remain at Spring Insure as a board director.
Sewell has successfully steered the MGA since its launch in November 2020. Under his leadership, Spring Insure has completed a number of successful transformations including several acquisitions, the launch of a European division in Dublin and a rebrand from Spring Partners to Spring Insure.
Nathan Sewell, Spring Insure Co-founder, said: “Tristan is the consummate professional and well-respected in the industry. I feel proud to be handing the reins to him. With his experience of building new teams and moving into new markets, I know he’s the perfect person to take Spring Insure to the next stage of its development.”