Tysers CEO to exit business ahead of major overhaul
Independent Lloyd’s insurance broker Tysers’ chief executive officer will leave the business at the end of the month following the completion of its £500 million sale to AUB Group and a further restructuring of the business.
Clive Buesnel (pictured) was appointed CEO of Tysers in June 2020 to manage the company through a period of Covid lockdowns. His responsibilities involved dealing with press speculation arising from uncertainty around the sales process together with addressing technology infrastructure that at the start of the pandemic did not support remote working and managing regulatory investigations relating to historic activities in Latin America.
After the acquisition of the company by Sydney-based AUB Group, Buesnel collaborated with AUB to oversee the initial phase of Tysers under AUB ownership. This encompassed initiatives like introducing a new Tysers chair, restructuring the Tysers executive team, streamlining the operating model, and the split out of Tysers operations into Wholesale, Retail, and Managing Agencies units.
AUB said the company is further evolving its operating model to coordinate Retail Broking, Wholesale Broking and Underwriting Agencies as global operations, as it believes there are strong synergies and alignment between Managing/Underwriting Agencies across the AUB geographies.
Following Buesnel’s departure, AUB Group CEO Mike Emmett will step in to lead the business on an interim basis.
Emmett said: “I have known Clive for a number of years and would like to thank and acknowledge the incredibly collegiate and supportive way in which he has assisted with the transition of Tysers ownership to the AUB Group. To facilitate the changes we have announced today, I shall (subject to obtaining all relevant regulatory approvals) be stepping in as Interim CEO of Tysers to finalise the range of activities currently underway and to further optimise and restructure the business. During the year ahead, we will be appointing a new CEO of Wholesale Broking (Global), to be based in London.
“To coordinate Retail broking, we have already established a global Retail Broking leadership group made up of senior broking executives in Australia, New Zealand and the UK. This model will evolve over time, and we ultimately envisage appointing a Global Head of Retail, to be based in Australia. Over time we also propose to appoint a CEO of Underwriting Agencies (Global).2
He added: “We are delighted by the progress we are making across the Group, including with Tysers. We continue to see exceptional results achieved by phenomenal teams in each part of the Group. I’d like to thank Clive for his fantastic contribution to Tysers and wish him all the best for his next chapter.”
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