Peter Hubbard to step down as CEO of UK General Insurance
Mr Hubbard has overseen the growth of Leeds-based UK General by focusing on specialist areas, including agriculture.
Lord Carter of Coles, the chairman of Primary Group, the owner of UK General, said: “Peter has been an exemplary leader of UK General for the three and a half years since he became group chief executive in May 2012. During a time of unprecedented change in the insurance industry, he has grown both the revenue and profitability of the company substantially, with the group now approaching a £500m business..
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Hide Ad“Following the successful separation of the three business divisions of UK General - Personal Lines, Rural Insurance and One Commercial - in 2015, Peter has decided that it is time to reduce his work commitments.”
Mr Hubbard said it was a difficult decision, because he loved the business, but he wanted to spend less time working day to day.
He added: “The separation of the three core businesses represented the final stage of development, leaving the group in a far stronger position with each business well focused on its customers and markets. I have no specific plans beyond remaining as a non-executive director to other Primary Group businesses.”
UK General employs around 200 people across its sites in Leeds and Harrogate.