Manchester-based specialist motorcycle broker Principal Insurance has recruited industry veteran David Hiley as its first chief operating officer.
Hiley’s extensive experience comes from more than 35 years in the insurance business. He has previously headed up operations departments at Avertis Group and Destiny Legal Services.
Principal says his role has been created to ensure that it has the corporate structures and policies in place effectively to manage rapid growth, following a 50% increase in gross written premiums (GWP) to more than £5m in the past financial year alone.
The company expects to more than double its Manchester HQ head count during the next two years, creating 40 new jobs, and also plans to expand operations at offices in Lancaster and Dublin.