Hyperion Insurance Group, the London-based employee-owned insurance and reinsurance intermediary group, announced that Adrian Colosso will be stepping down and retiring from his role as CEO of Howden UK at the end of July 2015.
Colosso came out of retirement in May 2013, joining Howden Broking Group to support its development and expansion. He became CEO in January 2014, driving major operational improvements and leaves a robust infrastructure that will support the business’ further growth and transformation, Hyperion said in a statement.
Following the merger of Hyperion and RKH Group, and subsequent restructuring of the group’s broking businesses into Howden UK Group and Howden International, Colosso was appointed as CEO of Howden UK.
Colosso has spent over 40 years in the insurance industry. Prior to Hyperion he was CEO of Heath Lambert, and became CEO of UK retail for Gallagher Heath following AJ Gallagher’s acquisition of Heath Lambert in 2011. He became CEO of Heath Lambert in 2005, having joined Lowndes Lambert when his specialist Lloyd’s broker, Crowley Colosso, was acquired.
David Howden, Hyperion CEO, commented:
“Adrian is one of the best-known and most respected figures in the market, a reputation well-earned following his numerous achievements throughout his career. I will always be grateful that he accepted my request to come out of retirement and would like to thank him for the significant contribution he has made to our business. He has played a critical role in positioning Howden UK for its next phase of transformation and growth.”
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