Online insurer esure poaches new CEO from Australian rival
Online insurance firm, esure Group, has appointed David McMillan as its new Chief Executive Officer.
Scottish-born McMillian is currently Group Chief Operating Officer of Australian firm, QBE, one of the world's top 20 insurance and reinsurance companies, and is expected to join the company in August 2019, subject to regulatory approval.
McMillan also previously worked for UK insurance giant, Aviva.
Esure is based in Surrey and also operates the Sheila’s Wheels online insurance brand.
Sir Peter Wood, Chairman of esure, commented: "I am delighted that David McMilllan has agreed to lead esure.
“I’d like to thank Darren Ogden for heading the business during this interim period and he will be working closely alongside David to ensure a smooth transition.
"David has a strong track record of delivering digital transformation across the insurance market. Under David's leadership, I am confident the business will deliver on its strategic ambitions."
Luca Bassi, a Managing Director of Bain Capital Europe, said: "We are excited to partner with David to take esure to the next level.
“Our plans for esure are very ambitious and we are convinced David is the right leader to deliver our aspirations with the support of the broader esure leadership team."
Commenting in his appointment, McMillan said: "I am delighted to be given the opportunity to lead esure under Bain's ownership.
“Esure has great potential and can be at the forefront of the digital disruption of the UK insurance market.
"These are exciting times and I am looking forward to working alongside the dedicated and ambitious team at esure to create a world class business."