RFIB Holdings Limited, the international Lloyd’s insurance and reinsurance broker, announced today that Dennis Mahoney, former CEO of AON UK, will transition from his role as Executive Chairman to become CEO of RFIB following UK regulatory approval. Jonathan Turnbull will step down as CEO after an orderly transition.
Dennis Mahoney said, “I would like to thank Jonathan for his leadership, dedication and many achievements at RFIB. He has played a key role in establishing RFIB as a leading independent specialty brokerage and built an organisation with a depth, brand and track record that is unique within the market. We look forward to building on his successes as we embark on an exciting new chapter for RFIB.”
Jonathan Turnbull joined RFIB in 2008 and assumed the CEO role in October 2011. During his tenure the business has grown in new and existing specialty lines, expanded geographically and developed the infrastructure to support further growth. This has been achieved while maintaining the Company’s long-standing track record of placing clients first and successfully executing on their behalf. Most recently, Jonathan facilitated an investment by Calera Capital that will support further growth and expansion of the business.
Jonathan Turnbull said, “I am very proud of what the team at RFIB has accomplished under my leadership. The conclusion of an investment by Calera Capital reflects a very successful evolution of our business since I assumed the role of CEO, and positions RFIB with the capital, infrastructure and resource to support further growth. Having brought the business to this point, the time is right for me to move on to other ventures. I wish the team at RFIB the best of success in the future”.