Xenia Broking Group Limited, part of the Brown & Brown group, has announced the appointment of Steven Stennett (pictured) as its new chief executive officer.
Stennett, with over two decades of experience in the trade credit insurance industry, steps into the role with a wealth of knowledge from various senior positions, including his recent tenure as commercial director at Allianz Trade UK and Ireland.
In his previous roles, Stennett has been instrumental in leading commercial teams, focusing on business development, marketing, and commercial underwriting across the UK and Western Europe. His career began at Atradius, followed by significant contributions at Coface where he enhanced the company's commercial strategies.
Stennett takes over from Tim Coles, who has moved into a significant leadership role within Bridge Specialty Group, a wholesale brokerage segment of Brown & Brown, as CEO of international operations.
Coles will also continue to support Xenia in a chairman capacity, succeeding Jeremy Adams, who is stepping down after serving since early 2019.
“I am delighted to welcome someone of Steven's calibre and experience to lead the team. His deep understanding of the trade credit insurance market and proven leadership qualities make him ideally suited to lead Xenia through the next chapter of its evolution,” Brown & Brown (Europe) CEO Mike Bruce said.
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