RFIB's holding company appoints CFO

Incoming executive also named CEO of newly created firm

RFIB's holding company appoints CFO

Insurance News

By Terry Gangcuangco

Former Agilisys chief executive Steven Beard will become the chief financial officer of the holding company of RFIB Group Ltd and Limehouse Agencies starting December 04, 2017. He has also been appointed as CEO of newly created George Yard Services (GYS) effective on the same date. 

Beard, who held the role of CFO before serving as chief executive at Agilisys for five years, will spearhead the launch of GYS. A specialist central services company, the new firm was established to provide back office support – including finance, risk, compliance, HR, IT, and company secretariat – to RFIB and Limehouse.

Earlier in his career the industry veteran worked at the likes of Lloyd’s managing agents Navigators, Brockbank, and XL Capital. Prior to Agilisys, Beard held senior positions at Xchanging Plc’s UK and US operations, and was also CFO at Redwave Plc. 

“RFIB is renowned for its independence, the calibre of its broking teams, and its absolute focus on providing top quality service to clients,” commented Beard. “Limehouse is being established based on similar principles.”

He continued: “GYS will support and enhance both – it will be a centre of excellence for services that will support RFIB on its growth trajectory and Limehouse as it builds a market-leading position. I look forward to working with Dennis [Mahoney] and the team to support and drive growth across the Group.”

“Steven is a landmark appointment for our business,” said RFIB chief executive Dennis Mahoney. “He brings an exceptional track record to our CFO function and is the ideal candidate to launch and build our new central services business. Steven has pioneered the use of new technologies throughout his career and this approach will be central to GYS and across the RFIB and Limehouse businesses.”

The central services firm will initially comprise RFIB employees who will eventually transfer to the new company.

Mahoney added: “GYS will be a key pillar in our business portfolio. It will enable our broking and underwriting teams to focus on what they do best and will ensure we continue to attract leading talent who share our independent, client-focused approach.”


Related stories:
RFIB launches Limehouse Agencies
Lycetts names incoming CEO

 

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