UK-based insurance services company Thomas Miller said it will appoint executive committee member Hugh Titcomb as its new chief executive.
Subject to shareholder approval, Titcomb will replace current chief executive Bruce Kesterton, who is retiring after 35 years with the company.
Titcomb has been with Thomas Miller since 2016 and before that has held a broad range of senior leadership roles in the financial services sector.
He has also held the role of chief executive of the Thomas Miller Group’s investment business.
“Hugh has an impressive track record within Thomas Miller and the broader financial services sector,” said Thomas Miller chairman Charles Fenton.
“He has valuable experience in leadership roles and I, along with my colleagues on the Thomas Miller board, very much look forward to working with him as we continue our focus on serving our clients and developing the business.”
Kesterton is poised to step down after joining the company in 1987 and serving on the Thomas Miller Holdings board since 1999.
In a profile on the outfit’s website, he is credited with managing the Thomas Miller’s 1999 transformation from partnership to employee-owned company.
Thomas Miller manages a number of marine insurance mutuals including the UK P&I Club, the TT Club, the UK Defence Club and UK War Risks.
Thomas Miller Specialty has also branched out into the marine fixed premium insurance business through a series of acquisitions over recent years.
In total, Thomas Miller manages insurance businesses that generate over $1.2bn in gross premiums annually.
Eric Priante Martin contributed to this story.
