Cooper Gay reinsurance CEO resigns

Cooper Gay and Newman Martin and Buchan (NMB) have appointed a new chief executive of the firms’ combined reinsurance business following the resignation of the previous CEO.

Incoming CEO Martin Stephenson was managing director of the NMB reinsurance division before NMB was acquired by Cooper Gay Swett & Crawford (CGSC) last year. Following the deal, he was head of reinsurance production for the combined businesses.

Based in London and reporting to Gordon Newman, CEO of Cooper Gay and NMB, Stephenson takes over from Andrew Hitchings who has resigned.

He also joins the boards of Cooper Gay and NMB.

Newman said: “We see great growth potential in our reinsurance business and are fortunate to have Martin’s experience and knowledge to draw on. Martin knows our clients and our business and, as a highly successful reinsurance broker, he is ideally placed to lead the integrated Cooper Gay and NMB reinsurance team during its next chapter of growth. I would also like to thank Andrew for his service at Cooper Gay and wish him well for the future.”