The Britannia Group has announced that chief executive Andrew Cutler will step down at the end of 2025.
Cutler joined the group in 2006 as a senior claims handler following a legal career as a partner at HFW. He became CEO in 2012.
During his time in the role, Britannia expanded its operations in Europe and Asia and managed its response to regulatory changes related to Brexit. Cutler also currently serves as chair of the International Group of P&I Clubs (IG), a position he will leave when his three-year term concludes in November 2025.
Deputy CEO Mike Hall will take over the role. Hall joined the Britannia Group in 2008 as an underwriter and became chief underwriting officer in 2014. He was appointed deputy CEO in 2022 and chairs the IG’s Reinsurance Committee.
Egied Verbeeck, chair of the Britannia Group, acknowledged Cutler’s significant contribution to the company, noting that, under his leadership, the Britannia had grown and successfully navigated various challenges.
“While there are some months to go, Andrew will be leaving the Britannia Group in an excellent position to continue to move forward and we wish him well in his new endeavours,” Verbeeck added.
Cutler recently announced his intention to pursue a portfolio of non-executive roles after nearly two decades with the company. Reflecting on his time as CEO, Cutler said: “I am proud of my first-class colleagues and, as Egied says, the Britannia Group is well positioned going forward and will thrive under Mike’s leadership. I was equally proud to have been elected IG chair, with that role reminding me of the collective strength of the IG as well as the value of teamwork.”
Meanwhile, incoming CEO Mike Hall expressed his enthusiasm about stepping into the role, thanking his colleagues and the board for their support.
“I will work hard with the Britannia team to take the club forward and to continue to deliver the high-quality service and financial stability that our members expect,” he said.
Verbeeck was appointed non-executive chair of the Britannia Group’s boards and members’ representative committee, effective January 1. He succeeded Anthony Firmin, who retired last December after five years as chair.
The company also recently appointed Helen Todd as deputy chief underwriting officer. Todd joined Britannia in 2018 as divisional director, with responsibility for underwriting in North America, Greece and Southern Europe. She has more than two decades of experience in P&I underwriting.
