Tawa becomes Pro Insurance; new CEO takes reins
Re/insurance service provider Tawa has completed the demerger of its operating divisions into two independent groups and renamed what will become its primary operating unit Pro Insurance Solutions.
Following board approval, various investment and run-off portfolio assets previously held by Tawa have been divested and name officially changed from Tawa to Pro Insurance Solutions.
An application to the Stock Exchange will be made to change the ticker from TAW to PROG.
Artur Niemczewski takes up the role as chief executive officer of Pro Insurance Solutions, a move announced at the end of last year.
Niemczewsk has nearly 20 years' experience within the insurance and financial industries. Prior to joining Pro on February 1, 2014, he led the restructuring and revitalisation of Garwyn Group, the UK's largest specialist liability loss adjuster.
Previously, Niemczewsk was managing director of Xchanging Broking Services, served as chief executive of the multi-national division of Marsh UK and was chief operating officer of Willis International Holdings. Niemczewsk started his insurance career as director of Strategy at AXA Insurance and Strategy consultant with McKinsey & Company.
Niemczewski said: “This demerger will create a pure service organisation and enable us to focus on supporting our global reinsurance and insurance clients in fulfilling their strategic ambitions. We aspire to be our clients’ trusted delivery partner for the operations that matter to them. The services business made great progress in 2013 and I look forward to working with the team to create value at each stage of our clients’ operations.”