Barbon Insurance Group is delighted to announce the appointment of Martin Totty* as its new CEO, with effect from 4 November 2013.
Martin brings outstanding insurance industry experience to Barbon as it embarks on the next stage of its strategic development under new ownership.
Martin spent six years as CEO at First Assist Insurance Services and then Cigna Corporation.
Before that, he worked with major multinationals including Unigate, PepsiCo and United Biscuits in a variety of senior sales and marketing roles.
Martin takes over from Acting CEO and former CFO of Barbon and Caley Ltd, Ian Sutherland, who will leave the business after a short handover period.
Also, Barbon wishes to announce that Malcolm McCaig is set to succeed Jamie Drummond-Smith as Chairman of Barbon from 1 October 2013, in addition to continuing his role as Chairman of Caley Ltd.
Malcolm has worked extensively in the financial services sector and holds a number of other Board-level positions as an independent Non-Executive Director.
Malcolm McCaig comments: “We are delighted that someone of Martin Totty’s calibre is joining Barbon. I look forward to his motivational leadership of the firm as we continue to develop and strengthen our market-leading position in the residential lettings market.”
“The Board would also like to take this opportunity to thank Ian Sutherland and Jamie Drummond-Smith for their invaluable contribution and commitment over the past few years. We wish them every success for the future.”
Barbon’s market-leading lettings brands are HomeLet, Letsure and Rentshield.
*Martin Totty’s appointment is subject to regulatory approval.
Martin Totty said: “I am very excited to be part of Barbon Insurance Group, a company that has firmly established itself as the UK’s leading provider of tenant references and insurance to the residential lettings sector. The team has made tremendous progress this year in securing such a successful restructuring with the overwhelming support of its investors, which puts the business in a very strong position to capture the exciting growth opportunities that lie ahead. I look forward to playing an important role in ensuring that Barbon maximises its huge potential.”
Martin continued: “Residential lettings activity in the UK is at an 11 year high while the market has come under increasing regulatory and political scrutiny. I believe Barbon is in a unique position of strength to lead the market and react with new initiatives to the great opportunities that lie ahead.”