Equity Red Star, the Lloyd’s of London motor underwriter that covers more than a quarter of the powered two-wheelers in Britain, has reorganised its structure and senior management team as part of a strategy to pull out of personal accident markets and refocus on core motor operations.
As a result, Rob Clark has been appointed head of retail motor, with responsibility for all of Equity’s motorcycle, private car and van products. A new commercial motor division, bringing all non-fleet agricultural, haulage, bus, coach, minibus and showman’s products together, will be led by Andy Hill.
The company’s underwriting supremo Mark Bacon said: “Our divisional reorganisation and senior underwriting appointments are the next step in our mission to establish Equity Red Star as the leading provider of specialist motor insurance solutions in Lloyd’s and the UK. I am confident that these changes will allow us to match the depth of our specialist underwriting knowledge with a first-class service proposition for our customers and brokers.”