Peter Hubbard to step down as CEO of UK General Insurance

Peter Hubbard will step down from his role as chief executive of UK General Insurance Group at the end of next month.
26th March 2013.  Peter Hubbard Group Chief Executive at UK General.26th March 2013.  Peter Hubbard Group Chief Executive at UK General.
26th March 2013. Peter Hubbard Group Chief Executive at UK General.

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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“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.

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