Departing Chaucer group chief executive John Fowle (pictured) is moving to specialist Lloyd’s insurer Atrium.
In its announcement, Atrium said Fowle is succeeding Richard Harries at the top once he has fulfilled his notice responsibilities to Chaucer. Harries, meanwhile, will serve as an adviser to the business and shareholders after he retires as CEO on June 30.
“On behalf of the board, I’d like to extend a very warm welcome to John as the new CEO of Atrium,” commented chair Chris Stooke. “John's proven leadership, strategic acumen, and deep industry knowledge make him the ideal individual to lead us into our next chapter of growth.
“We also wish Richard Harries the very best of luck with his retirement. He has been an incredible asset to Atrium who has contributed hugely to the success of the business. He will be greatly missed by all who have worked with him over the years.”
Looking back, Harries said: “There are many decisions one makes in their working life, but undoubtedly my greatest was to join the team at Atrium Syndicate 609 back in 1997. They were bright, hardworking, well led, and fun and had also delivered a run of unbroken profitable results.
“Twenty-six (26) years later, the last nine of which I have had the honour of being group CEO, Atrium remains a fantastic business, affording staff with great opportunities for personal development and encouraging them to thrive.”
Meanwhile, prior to Fowle’s arrival, the date of which was not specified, Atrium group chief operating officer and agency managing director James Lee will serve as acting CEO. Additionally, compliance director James Cox will become managing director, with deputy compliance officer James Smith moving up to replace him.
Atrium said all the appointments are subject to regulatory approval.
As for the incoming boss, he had this to say: “I am looking forward to joining Atrium with great excitement and hope to help the business build further on the market-leading underwriting performance delivered under Richard’s leadership.”
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