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Lorega announces retirement of Chairman

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Lorega, the pioneer of Loss Recovery Insurance, announces the retirement of Malcolm Harvey as Director and Chairman.

Mr Harvey, together with his wife Judy Jago, founded Lorega in 1983.  Its products, which help commercial and high net worth policyholders achieve the quickest and fairest settlement following a major loss, are now sold by over 500 UK insurance brokers and agents.

Malcolm’s decision to step down from the day to day running of the business follows a long and successful career within the company which has seen Loss Recovery Insurance achieve market-wide acceptance.

Responsibility for leading Lorega going forward will be assumed by current Group Managing Director, Neill Johnstone. Neill joined Lorega in 1988 and has over 25 years of insurance market experience. He is already closely involved in the day to day management of the business, and is responsible for its operational and commercial functions.

Commenting on his retirement Malcolm Harvey said: “My decision to retire is part of a long term plan and I would like to depart while I am young enough to enjoy it and indulge in my passion for professional, off-shore sailing.  I have full confidence that the board and senior management team will deliver the significant growth planned for Lorega in the years ahead.”