Polo Works hires new CEO

Polo Works, which consists of Polo Managing Agency (PMA) and Polo Commercial Insurance Services (PCIS), now has a new chief executive in the form of Paul Andrews.

PMA and PCIS are the rebranded businesses formerly known as Capita Managing Agency and Capita Commercial Insurance Services. The two were sold by Capita Plc to European property and casualty insurance run-off group Marco Capital Holdings.

First announced in late 2021, the ownership switch was finalised early last year.

Previously led by CEO Simon Sykes from December 2019, Polo Works and PMA are now headed by Andrews who made the announcement himself via a job update. He previously served as managing director at Lloyd’s independent reviewer and coverholder audits company Beachwood.

Andrews’ credentials also include time spent at ProSight Specialty Insurance, Castel Underwriting Agencies, Barbican Insurance Group, QBE, and Aon.

PCIS, meanwhile, will come under the leadership of incoming chief executive Richard Lawson. Joining in February, he brings more than three decades of senior level insurance experience from Pro Global.