Hyperion Insurance Group, the London-based insurance and reinsurance intermediary group, has announced that Oliver Corbett will join the group as CFO.
Corbett, currently interim CFO at Towergate, will take up the role in August, subject to regulatory approval. After seven years at Hyperion, current group CFO Eric Fady has decided to leave the group in pursuit of new challenges. He will step down from his role on July 31 upon the completion of a handover period.
A chartered accountant, Corbett brings to Hyperion a wealth of industry knowledge from his nine years as CFO at Novae and most recently in his role at Towergate, as well as invaluable M&A experience from roles at corporate finance firms including SG Warburg and Dresdner Kleinwort Benson, the company said in a statement.
He has significant international management expertise and has led major integration and transformation programs, including the successful sale of LCH Clearnet Group to the London Stock Exchange, Hyperion said in a statement.
David Howden, Hyperion CEO, said: “I am delighted to welcome Oliver to the group and look forward to working closely with him as we take Hyperion to its next stage of development. His market background with a listed insurer, and more generally with entrepreneurial and international businesses, makes him exceptionally well equipped to play an important part in the group’s future, which will be shaped by strong organic growth, continuing to attract the industry’s best talent, and our selective acquisition strategy.”
Corbett commented: “This is a great time to be joining Hyperion. It is a very successful, high-growth business which has transformed in the last few years to become one of the major players, and I am excited to be a part of its next chapter.”
In his role as group CFO, Fady has been with Hyperion through a period of phenomenal growth. He joined the group in 2008 and was an integral part of the team that led the business through a transformational period, the company said.
He has overseen the rapid expansion of Howden Broking Group and DUAL (the underwriting agency arm of Hyperion) through investment in start-ups and acquisitions, the group’s entry into over 25 new markets, significant refinancing projects, and the welcoming of General Atlantic as a minority shareholder, the statement added.
Howden, Hyperion’s CEO, thanked Fady for his contribution to the development of the business from “a £50 million [$77.9 million] company to the world’s largest employee-owned insurance group, with a projected revenue of £400 million [$622.8 million] this year.”
Source: Hyperion Insurance Group
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