LONDON: Chris Giles has been appointed non-executive director of Giles and Ink Underwriting’s ultimate holding company Expectrum, www.insurancetimes.co.uk reported on Tuesday.
The move comes as Giles, who was previously executive chairman, launches a new business venture in the US .
The new business, initially headquartered in Atlanta , Georgia , will be called Ink Underwriting LLP and will focus on wholesale broking and include a managing general agency proposition.
The company said in a statement it will be supporting Giles with the new venture.
Chris Giles said, “I brought in Brendan McManus 12 months ago who has put in place an experienced and extremely capable management team who will continue to drive the business forward.”
Giles will remain a “significant shareholder” in the firm and will keep his place on the board.
He added, “I am also delighted that I have secured their support for my new venture.”
Giles and Ink chief executive, Brendan McManus, said, “With Chris spending more of his time on his US interests this is a logical change to make.
“I will work hard with my management team to continue the upward progress of the business to the benefit of our customers, our loyal staff and our shareholders.”
It earlier reported that Giles has hired Carlos Thompson as managing director, private rental sector to boost its move into the letting agent market.
Thompson was previously part of the senior management team at Zurich-owned Endsleigh Insurance, where he spent 20 years.
Giles chief executive, Brendan McManus, said, “I am delighted to announce the arrival of Carlos Thompson. He has an outstanding track record as a leader, responsible for business development in key niche markets – students, graduates and professionals, with an excellent track record of consistent delivery.
“Carlos has an outstanding reputation in the marketplace and his success in creating and establishing the EndsleighLet model for letting agents has been impressive.
“Carlos is a valuable addition to the team at Giles as the group moves into the buoyant letting agent market.
“This will also complement the group’s position in the estate agent market through the market leading brand Agent Assure.”
Thompson said, “I am very excited to be able to continue building on longstanding relationships and partnerships, especially in the letting agent marketplace, and I am determined that with the backing of Giles, we will be able to introduce new market-leading products, services and support for letting agents, tenants and landlords.”