Pikl has announced the appointment of Stuart Reid as its new chairman.
He joins deputy chairman Angela Seymour-Jackson, who joined the sharing economy insurance specialist last year.
Reid has a “long and distinguished” career in the insurance industry, having worked at Stuart Alexander, Bluefin and Arthur J Gallagher.
This will be his first role since leaving Arthur J Gallagher. Prior to that, he was vice president of the Chartered Insurance Institute (CII) and chair of the CII Broking Faculty from 2012 to 2018. He was also deputy chairman of the British Insurance Brokers Association (BIBA) between 2014 and 2015
He has also been involved with lobbying efforts that include representing the insurance industry at sharing economy talks, as well as chairing meetings held at 10 Downing Street in 2014.
As chairman of Pikl, he will initially share his experience and provide leadership to the board to assist its strategy for business growth, and to ensure that it raises the profile of the need for specialist short-term letting insurance amongst the industry.
Reid said: “Being at the forefront of innovation in our industry is where I love to be and, with Pikl’s innovative products and approach to a new and blossoming market, I cannot wait to get started.
“Without doubt, Pikl has identified a clear gap in the market. It not only has superb commercial potential but will also make a real difference to the millions of people who rent out their rooms, whole properties or even car parking spaces, effectively ringfencing the valuable income they receive from the risk of theft, damage or liability.”
He added: “My main business focus for the next 12 months is to provide a link between the board and the senior management to ensure that the strategy is carried out successfully and to speak to the key players in the broker market to make sure they understand the business opportunities there are for getting into this sector of the market.
“This is a business with huge potential and any part I can play in realising that potential is something I am excited to start.”
Pikl CEO and founder, Louise Birritteri, said: “I have known Reid for many years and believe he will bring so much experience to the board role, in helping to formulate and execute our strategy and obviously to take full advantage of his many industry contacts built up over his 30 plus years in the industry.”