Marketform announces Lloyd’s and Belgravium hires amongst new leadership team
Marketform, the specialist Lloyd's underwriter, has made a number of senior appointments, strengthening its leadership team under new chief executive officer (CEO), Martin Reith.
With a strategic review of the business nearing completion, the task force which was set up to undertake the review will now be dissolved and its members will integrate into the company.
Ian Martin has been appointed managing director of Marketform, reporting to Reith. His focus will be on improving the overall business and driving operational efficiencies. Martin was previously chairman of the Task Force. He is currently chairman of Belgravium Technologies, an alternative investment market (AIM)-listed mobile computer solutions and data collection company. Prior to this role, he was CEO of Avesco Group and a senior independent non-executive director at Ascot Underwriting and chairman of the Risk Committee.
Mark Stockton has moved from the Task Force into the role of director, head of underwriting performance. Stockton will work with Marketform’s new chief underwriting officer (CUO), underwriters, and other key areas of the business to drive improved underwriting performance.
Stockton has more than 30 years of experience in the international reinsurance industry and Lloyd's. Most recently he was head of syndicate underwriting performance at Lloyd's, where he was the senior executive responsible for Lloyd's market oversight. Prior to that, Stockton was president and CEO of White Mountains, Dublin, and CUO at La Salle Re in Bermuda.
Deepon Sen Gupta, also a member of the Task Force, has moved into the role of corporate strategy director. Sen Gupta was previously an investment banker, specialising in non-life and specialty re/insurance. Most recently, Sen Gupta was a vice president within the Financial Institutions Group (FIG) at Macquarie Capital and he previously held FIG mergers and acquisitions (M&A) roles within Fox-Pitt Kelton and Dresdner Kleinwort.
Jagdis Barber is appointed chief financial officer, moving from his previous role as head of operations, where he streamlined the function over the last few years.
Scott Gregory is confirmed in the role of communications and marketing director, having previously led the company’s corporate development activities.
Darren Lednor joins as CUO. Before joining Marketform he held the positions of active underwriter for Ariel Syndicate 1910 and 6117 and chief risk officer at Ariel Re UK and Ariel Re BDA.
Reith said: “I’m delighted to be able to announce these appointments. This strengthened leadership team will be central to our strategy to return Marketform to profitable growth and deliver the change needed across the business.
“Ian, Mark and Deepon have already played an important role as part of the Task Force I set up to lead the strategic review of Marketform.”
He added: “As the review reaches its conclusion, their new roles will enable them to further integrate into the business and help deliver the strategic priorities we identify. All of the changes announced today involve individuals with significant industry experience and strong track records; I look forward to working with them all in their new roles.”
