Mark Wilson takes charge as chairman of Policy Expert

In the United Kingdom, the personal lines insurer Policy Expert plans to emphasize its growth strategy by appointing Mark Wilson as its new chairman. This development comes after recent strategic changes, including a significant buyout by the firm Cinven, which acquired a 50% stake in the company from a subsidiary of the Abu Dhabi Investment Authority in late 2023. Policy Expert, which provides home, motor, and pet insurance to approximately 1.5 million customers, has established itself as a leading player in the personal lines insurance sector. With Wilson's extensive experience, particularly from his tenure as the chief executive of Aviva and AIA, his leadership is anticipated to steer the company toward further industry consolidation. Cinven's reputation for a 'buy-and-build' approach in the insurance market may position Policy Expert to leverage this new investment effectively. Mark Wilson, who concurrently serves on the board of BlackRock and recently joined Zilch, a payments firm with over four million customers, aims to work closely with Policy Expert's CEO, Steve Hardy, to align corporate growth strategies with market dynamics, hinting at exciting developments ahead for the insurer as it seeks to expand its footprint in the UK insurance landscape.