Management shake-up follows CETA ownership change
Following a management buyout backed by Kester Capital, niche insurance distributor CETA Insurance is facing a management shake-up.
John Bibby, formerly of BBI Worldwide and Primary Group, will take over as CEO. Andrew Blowers, founder of Swiftcover and current NED at the AA, will remain on the board as Chairman. Bibby and Blowers will be joined by in senior leadership roles by James Thomson (COO), Paul Yates (NED), James O’Hara and Luke Sims-Wilson.
Bibby commented: “With its market-leading software platform, CETA is a rare asset in the insurance industry. We are looking forward to building upon the strong base that the founders have created and extending the platform further by developing new relationships with insurers and distribution partners.”
David Quick, co-founder, and outgoing managing director, added: “Adrian Waters, Sandie Schofield and I are very happy to pass CETA on to John, Andrew and the rest of the team. We have worked with them for many years and believe they are the right team to take the business through its next phase of growth.”
CETA’s technology is used to distribute products in a number of niche general insurance markets, through a network of over 1,500 broker members. The business employs over 120 staff.
Cameron Crockett, Founding Partner, Kester Capital said: “We have been very impressed by CETA’s platform and its ability to provide a responsive service to customers and insurers through innovative use of technology and data. We look forward to supporting the business in its growth ambitions, both organically and through further bolt-on acquisitions.”
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