Phoenix Specialty appoints Andrew Charlton as new managing director

Revamp supports growth in construction and engineering insurance

Phoenix Specialty appoints Andrew Charlton as new managing director

Construction & Engineering

By Kenneth Araullo

Phoenix Specialty, a specialist construction managing general agent (MGA), has appointed Andrew Charlton (pictured above) as its new managing director, effective immediately, pending approval from the Financial Conduct Authority (FCA).

The company said that the appointment aligns with Phoenix Specialty’s strategy to support its growth and operational goals within the construction and engineering insurance sector.

Charlton brings extensive industry experience to the role, having been instrumental in the growth of Consort Technical Underwriting Managers (Consort), a leading construction and engineering underwriting firm in South Africa.

Phoenix Specialty said that it intends to continue its strong relationship with Consort. Charlton is expected to guide the company through its current phase of development and expansion.

With this appointment in mind, Tim James, the outgoing managing director of Phoenix Specialty, will assume the role of chief executive officer (CEO) of Phoenix Global. Phoenix Global manages international partnerships within the construction and engineering sector. In his new role, James will focus on the company’s global strategic direction, product development for the construction market, and international expansion.

James will also remain involved with Phoenix Specialty’s holding company, Vector Investment Capital Holdings, serving as a group board adviser.

The company said that these leadership transitions reflect the broader strategic investments by Vector Investment Capital Holdings and Acies MGU in strengthening Phoenix Specialty’s market position within the construction and engineering insurance industry.

Mark Heath, CEO of Acies MGU and board director at Vector Investment Capital Holdings, expressed support for the leadership changes, acknowledging Charlton's industry and technical expertise as key assets for Phoenix Specialty’s growth.

“We are thrilled to welcome Andrew Charlton to Phoenix Specialty. His leadership, industry and technical expertise will be invaluable as we continue to grow and innovate. I also want to thank Tim James for his outstanding leadership as Managing Director and look forward to his continued impact as CEO of Phoenix Global,” Heath said.

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