Life insurance broker Protect Line has appointed Pedro Coimbra Fernandes as chief financial officer.
Fernandes has held CFO roles at a number of organisations including AIG (American International Group) where he covered the UK, Latin America, Caribbean, Middle East and North Africa, Central and Eastern Europe at various points in his tenure.
He joins from Bermuda-incorporated insurance provider Hiscox where he was interim chief financial officer of London Market and Hiscox Syndicates.
Protect Line, which reported a turnover in excess of £20m in 2020, has grown to 270 employees this year and says it is gearing up to become directly authorised with the Financial Conduct Authority (FCA) later in 2021.
In his new role Fernandes will work with founder-directors Jo and David Brewer to drive the company forward and achieve the business’s strategic growth objectives.
Commenting on Fernandes’ appointment, David Brewer said: “We are delighted to announce this key appointment to our business.
“Pedro comes with a wealth of knowledge and experience which we know will be invaluable in achieving our strategic growth objectives. We are looking forward to working with Pedro and helping take Protect Line to the next level.”
Jo Brewer added: “Pedro joins us at an important point in our growth plan. His pedigree of experience is rare to find in the insurance space, let alone in the life insurance industry.
“We believe Pedro’s wealth of experience will help us build and refine our structure. His appointment gives us an opportunity to enhance our control of the business growth during this next phase.”
