Senior Insurance executive Mark Cliff has been appointed chairman of Avid Insurance Services Ltd.
Cliff takes up his role, which has been approved by the FCA, with immediate effect.
Avid, an MGA which is majority owned by Beech Tree Private Equity, specialises in social housing, council leasehold markets and travel.
Avid founder and MD Stephen Gibson, said: ‘I am extremely pleased to welcome Mark as Avid Chairman. His wide-ranging experience will be an invaluable asset to Avid as we move forward with our exciting plans for growth in our existing markets and in new sectors and products.
“Mark will help steer our strategy and assist our business development, including inorganic growth, where we have made no secret of our desire to acquire businesses and specialist underwriting teams, where they make strategic sense.”
Gibson said that despite challenging market conditions the business has been resilient through the Covid crisis, and was well placed to pick up growth again as the UK economy recovers. “We continue to enjoy strong backing from insurer partners, a robust technology platform and a clear-sighted view of the growth opportunities that are arising as the market reacts to the pandemic.”
Mark Cliff said: “Avid is one of the most exciting prospects in the MGA sector. Steve and John (Inwood), commercial director, are highly regarded, experienced operators. They have built a genuine thoroughbred and I am confident it will deliver success for its clients, insurer partners and investors.”