Insure & Go seeks to appoint new managing director

Insure & Go, the travel insurance broker which last year had a run in with the FSA has launched a search for a new managing director.

The company, which recently touted itself for sale, said the new managing director would take over the day-to-day operation of the company from co-founder Perry Wilson.

James Richardson, the group’s other co founder, stepped down from office last year after an accident that left him with severe burns. He was later banned by the FSA for misleading the regulator and the company’s auditors.

The new appointee comes ahead of  further expansion by Insure & Go to move into the home and motor insurance market.

Wilson said about the impending appointment: “We’ve taken our baby through to adolescence, but now we need somebody to help us take it through to the next stage"

“Entrepreneurs are not the best people to actually run companies. A lot of the best entrepreneurs don’t run their companies on a day-to-day basis. We need someone to help us tick the boxes and stay focused.”

Wilson insisted the decision to appoint a managing director was not directly related to the action taken by the FSA .

Insure & Go is still owned by Wilson, Richardson and a silent partner, Martin Banbury.

Insure & Go last year appointed BDO Stoy Hayward to consider the company’s options. It is understood that there has been a number of informal approaches for the business from a mixture of insurers and travel operators.

AIG, the US insurance group, underwrites all of the company’s insurance policies

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