Covéa Insurance has announced that Garry Fearn will step down from his role as Executive Deputy Chairman with effect from 15th September 2013.
Garry Fearn originally joined Norman Insurance in 1989, became Chief Executive in 1996 and continued in this role when the company changed its name to MMA Insurance in April 2000 up to September last year, when he became Executive Deputy Chairman of Covea Insurance.
In addition to his Chief Executive role, he was a founder Director of the startup MGA Saturn Professional Risks Limited, as well as the online broker It’s4me plc. He was also a Director of Medical Insurance Company Limited, a Dublin based medical malpractice insurance company.
He led the Group’s acquisition of the Swinton Group in 2000 and has been a Director of that company since that date.
In his current role as Executive Deputy Chairman, Fearn has been working closely with both Chairman Graham Doswell and the board. Commenting on the announcement, Doswell said: “I’ve very much enjoyed working with Garry and have found his market insight and experience invaluable both to me and the business. Garry has delivered a great deal for the business over many years and the board joins me in thanking him for the major contribution he has made.”
Fearn commented: “We’ve achieved a huge amount since I joined the business in 1989 and I’ve very much enjoyed the part I’ve played in that success. Integrating the former two businesses has been well managed and as a result Covéa Insurance is now focusing on putting all the building blocks in place to achieve its ambitious plans. As such the time is right for me to step down and I wish the new team every success”.