Tysers, an independent Lloyd’s broker and member of the AUB Group, has announced that CEO Clive Buesnel will leave the firm at the end of the month, with Mike Emmett, AUB Group CEO, stepping in as Interim CEO.
Clive was first appointed CEO of Tysers in June 2020 with the “significant task” of managing the company through a period of Covid lockdowns.
“Although primarily motivated by the sale completion, when AUB announced the acquisition of Tysers, Clive kindly agreed to work with AUB to manage Tysers through the first phase of AUB ownership,” Tysers explained.
According to the firm, this first phase included the delivery of a series of key tasks such as the introduction of a new Tysers Chair, a restructure of the Tysers executive team, simplification of the Tysers operating model and the split out of Tysers operations into the three distinct groups of Wholesale, Retail, and Managing Agencies.
“Given that these tasks are now complete, we have agreed with Clive that he will leave at the end of August,” Tysers said.
The firm added that there are strong commonalities between Retail broking across Australia, New Zealand, and the UK. In the same way, there are strong synergies and alignment between Managing/Underwriting Agencies across the AUB geographies.
As a result, Tysers said it is further evolving the AUB Group operating model going forward to coordinate Retail Broking, Wholesale Broking, and Underwriting Agencies as global operations.
Mike Emmett, AUB Group CEO, commented, “I have known Clive for a number of years and would like to thank and acknowledge the incredibly collegiate and supportive way in which he has assisted with the transition of Tysers’ ownership to the AUB Group.
“To facilitate the changes we have announced today, I shall (subject to obtaining all relevant regulatory approvals) be stepping in as Interim CEO of Tysers to finalize the range of activities currently underway and to further optimize and restructure the business.”
Emmett continued, “During the year ahead, we will be appointing a new CEO of Wholesale Broking (Global), to be based in London. To coordinate Retail broking, we have already established a global Retail Broking leadership group made up of senior broking executives in Australia, New Zealand, and the UK.
“This model will evolve over time, and we ultimately envisage appointing a Global Head of Retail, to be based in Australia. Over time we also propose to appoint a CEO of Underwriting Agencies (Global). We are delighted by the progress we are making across the Group, including with Tysers.
“We continue to see exceptional results achieved by phenomenal teams in each part of the Group. I’d like to thank Clive for his fantastic contribution to Tysers and wish him all the best for his next chapter.”
