Spring Insure, the specialist financial and commercial lines MGA, has kickstarted 2023 by appointing a new group CEO.
The new executive, Tristan Sargeaunt, joins Spring Insure from specialist Lloyd’s of London insurance broker Protean Risk, where he was the managing director and oversaw the business’s continued growth within the financial services sector. When he first joined Protean Risk, he established the firm’s fintech and payment services team.
Throughout his 18-year career, Sargeaunt has gained a reputation as a leading expert in professional indemnity, crime, directors & officers, and cyber insurance.
Commenting on his new role, Sargeaunt said the MGA has ambitious plans this year, including expanding its product lines and exploring new underwriting opportunities to meet brokers’ needs.
“Spring Insure is such an exciting MGA. I love the firm’s culture and entrepreneurial drive, and it’s great to be joining such a highly experienced and successful team,” he said. “With the constant evolution of technology in commerce, we are discovering new risks year on year, and, given Spring’s agility and dynamism, we are quick to respond with innovative underwriting to suit.
“We will also be adding to our team of experts in 2023, recruiting insurance specialists from both broker and insurer backgrounds, which is where Spring Insure sets itself apart from the rest of the market. Our diverse team can successfully cater to the needs of brokers and insurers because we have knowledge and experience of both.”
Sargeaunt replaces Spring Insure co-founder Nathan Sewell, who has successfully steered the MGA since its launch in November 2020. His leadership has seen the business navigate numerous successful transformations, including acquisitions, launching a European division in Dublin, and rebranding from Spring Partners to Spring Insure.
Sewell, who will remain at the MGA as a board director, commented: “Tristan is the consummate professional and well-respected in the industry. I feel proud to be handing the reins to him. With his experience building new teams and moving into new markets, I know he’s the perfect person to take Spring Insure to the next stage of its development.”
The major announcement follows swiftly after Spring Insure’s appointment of a new senior underwriter to expand its European team.
