Independent life insurance broker Reassured has appointed Mark Townsend as CEO succeeding co-founder, Steve Marshall, who moves to non-executive director.
The appointment is subject to regulatory approval.
Townsend (pictured) has nearly three decades of experience in financial services, most recently as managing director of BGL Group’s general insurance distribution business, a position he held from 2012 until 2023.
Townsend said: “Reassured is a hugely impressive business, demonstrating consistent growth and excellent customer outcomes over more than a decade.
“I am delighted to have the opportunity to lead the company in its next phase of growth and look forward to working closely with the fantastic team Steve has built and our investors, Bridgepoint Development Capital.”
Marshall added: “We have always planned for the orderly succession as CEO and I am delighted that we have found someone of Mark’s calibre to lead Reassured into its next stage of growth, which will create around 250 additional career opportunities.
“I am excited to be able to lend my full support to Mark and the Board in my new role as non-executive director.”