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Cramphorn brings 45 years’ experience to Ensurance UK as Non-Exec Director

October 30, 2018 Appointments No Comments Email Email

Ensurance Limited (ASX:ENA) (‘Ensurance’ or ‘the Company’) is pleased to announce Mr Timothy Cramphorn has been appointed Non-Executive Director of the Board of Ensurance UK –  the Company’s wholly owned subsidiary – effective 1 November 2018.

A Chartered Director with over 45 years of insurance industry experience, Tim has previously held multiple director and non-executive director roles and currently holds directorships at several Lloyd’s and non-Lloyd’s insurance brokers and captive insurance companies in Guernsey.

Tim was the former CEO and Managing Director of HSB Engineering Insurance, an international engineering insurance company owned by EUR 28.2 billion Munich Re Group (ETR:MUV2), one of the world’s leading reinsurers. He was an active syndicate underwriter at Lloyd’s of London and his extensive career includes roles as former Chair of the British Machinery Insurers Association and a committee member of the Insurance Institute of London Property Committee. His broad insurance experience spans the energy sector, professional indemnity, latent defects, liabilities, credit and political risks and surety.

Tim’s broad experience, deep expertise and extensive industry-wide network will be invaluable to the Board and leadership team in its execution of ENA’s strategic growth plans and the buildout of its specialised insurance offering. Tim is a qualified insurance professional approved as an Introducer Appointed Representative (IAR) by the UK’s Financial Conduct Authority (FCA) and a Fellow and Chartered Director of the Institute and a Member of the Chartered Insurance Institute (CII).

Commenting on his appointment, Tim Cramphorn, Non-Executive Director said: “I’m delighted to join the Ensurance team and excited to be playing a role in helping to reposition the business in the UK and internationally. There is a great opportunity here to position the Company towards future growth and to establish a global reputation as the go-to provider for specialist construction insurance. I’m excited to be part of the team that is making this happen.”

Tony Leibowitz, Executive Chairman states: “This appointment is a real coup for Ensurance and we’re excited to welcome Tim to the Board of Directors of Ensurance UK. Tim’s extensive experience in the insurance industry and his background in construction and engineering further strengthens the leadership team’s expertise and expands our industry-wide connections.”

“We continue to reposition our business to build out our specialist insurance offering and I have no doubt that Tim’s insights and guidance will be a significant contribution to this process and the Company’s future success. We continue to put in place resources to support strong growth across the Company’s UK and international operations as a Managing General Agent and specialist insurance provider.”

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