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Coverage Skilled, the house, motor and pet insurer to 1.5m UK clients, is to underscore its development ambitions by naming the previous Aviva chief Mark Wilson as its new chairman.
Sky Information has learnt that Mr Wilson, who additionally ran the Asian insurance coverage firm AIA, will turn out to be chairman of the corporate months after the buyout agency Cinven acquired a 50% stake in it from a subsidiary of the Abu Dhabi Funding Authority (ADIA).
An announcement about his appointment is anticipated imminently, in response to business sources.
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Cinven has an in depth observe file within the insurance coverage sector and in taking a ‘buy-and-build’ method to companies extra broadly.
It now has greater than 1.5m policyholders throughout its totally different insurance coverage product traces.
Mr Wilson, who additionally ran the Asian insurer AIA, will work carefully with Coverage Skilled’s chief govt, Steve Hardy, when he takes up the place subsequent month.
A non-executive director of the asset administration behemoth BlackRock, Mr Wilson additionally not too long ago joined the board of Zilch, a funds enterprise boasting greater than 4m clients.
Based in 2011, Coverage Skilled was solely bought by Main Group to a subsidiary of ADIA in late 2023.
Coverage Skilled couldn’t be reached for remark.
