31 October 2016 Insurance

Alesco expands energy division with insurable risk specialist hire

Alesco Risk Management Services, a specialist insurance and risk management broker, has appointed John Smith as a partner in its energy division, based in London.

Reporting to Derek Thrumble, partner in risk consulting, Smith will provide technical account management and advisory support to Alesco business units and clients in the Middle East, Asia, North America, South America and Australasia.

Furthermore, Smith will responsible for supporting major onshore and offshore construction projects, and raise Alesco’s profile within the UK independent oil and gas sector, as well as leading the development and marketing of new products.

Smith has almost 40 years of insurance and risk management experience, joining from BG Group (formerly part of British gas), having served as head of insurable risk, where he was responsible for managing the BG Captive Insurer based in Singapore.

While at BG, Smith worked extensively on the operational and construction insurance programmes for BG assets, primarily in India, Egypt and Trinidad, and the group’s LNG operations and oil shipping activities.

Smith joined British Gas in 1997 having previously spent 20 years as an insurance broker, latterly as divisional director of energy at Alexander Howden.

Smith said: “Alesco has an excellent reputation in the energy market and is known for its outstanding claims service and commitment to client management. I am looking forward to returning to the broking sector and utilising the knowledge I have accumulated during my career as a buyer to further enhance Alesco’s already strong offering.”

Simon Matson, CEO of Alesco, said: “The calibre of the team we have built at Alesco is a defining feature of our proposition and ensures that we are able to deliver the very best service to our clients.

“Market conditions are challenging but we have found growth opportunities and continue to attract talented individuals like John. His experience and insight from being both an insurance broker and buyer will strengthen and enhance our proposition. I look forward to working with him.”

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