Deloitte has appointed Andy Masters to be the financial services firm’s new head of insurance.
Masters, a strategy consulting partner at Deloitte, has over 30 years of experience in the insurance sector and has specialised in helping organisations involved in the provision of savings and retirement products.
Before joining Deloitte, Masters was a consulting partner at KPMG where he fronted the savings and wealth sector.
He succeeds Clive Buesnel, who was recently named chief executive officer of Tysers, the specialty London-based wholesale broker.
Masters said: “The UK insurance sector has seen significant transformation over a sustained period, driven by regulation, cost and pricing pressures, evolving customer expectations and now of course, from Covid-19.
“The pandemic has proved a real test of the sector’s reputation and resilience, and is likely to have lasting consequences for years to come.”
He added: “Despite the challenges it undoubtedly faces, I believe the sector will continue to thrive as it embraces technology and new ways of working to ultimately deliver better outcomes for customers.”
Richard Hammell, head of financial services at Deloitte UK, said: “I’m excited to announce Andy as the firm’s new head of insurance.
“I am confident he’s the right candidate to lead the business at what is an important time for the future of the industry.”
He added: “He brings extensive experience to the role across the range of insurance sub-sectors – which will be critical to support our clients as they transform in years to come.”