Contact: Ali Agmen-Smith
Deloitte
Public Relations
+ 44 (0) 207 303 0514
Deloitte has today announced a number of senior appointments to its specialist UK insurance team. Four directors have been promoted to partner, effective today. These include:
Cindy Chan – Cindy leads our Insurance Regulatory Consulting Team. She works with companies to transform their compliance functions and supports initiatives to respond to regulatory developments such as the FSA's "Treating Customers Fairly" initiative. She has extensive experience working with insurers and investment managers on building risk-based compliance monitoring methodologies and programmes and conducting regulatory investigations.
Stephen Ross – a member of Deloitte’s Corporate Finance insurance team, Stephen works on strategic projects in the insurance sector with a particular focus on market entry, the London Market and Bermuda. In addition, he will head our commercial due diligence activities within the insurance industry.
Garth Hackshall – Garth Hackshall will lead the financial services advisory team working on purchase and sale mandates in the insurance sector as well as fundraising activities. Under Garth's guidance Deloitte have built a significant track record in the insurance sector which will be enhanced by his promotion to the Partnership.
Andrew Gallacher – leads Deloitte's insurance practice in Switzerland where he has been based for five years having previously worked for ZFS and AXA in Zurich, Paris and the UK. He advises clients on Risk Management, IFRS, EEV and strategic projects including Mergers and Acquisitions.
Commenting, Mark FitzPatrick, head of the insurance industry group at Deloitte said: “Our insurance practice delivers world class integrated professional advice and the promotion of four new partners gives us the strength to help our clients adapt and react to industry issues such as the possible implications of Solvency II, distribution issues and persistency.”
Globally, Deloitte works with 19 of the top 20 Life Insurers and 19 of the top General Insurers and it is growing its insurance practice to reflect the major challenges and opportunities facing the sector, from pensions and bulk annuities, wrap products and distribution challenges.
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About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP which is among the country’s leading professional services firms, providing audit, tax, consulting and corporate finance services. Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein whose member firms are separate and independent legal entities. Neither DTT nor any of its member firms has any liability for each other’s omissions. Services are provided by member firms or their subsidiaries and not by DTT. Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority. The information contained in this press release is correct at the time of going to press.
