Group risk insurer Ellipse is appointing Lee Lovett as its new CEO, succeeding John Ritchie, who will leave the business on September 14.
Ritchie has led the business since its launch to the UK market in 2009 to its position today as an established insurer in the sector.
Lovett, who is currently head of business development at Munich Re, the company that owns Ellipse, has been appointed by Andy Batley, head of UK & Ireland Life at Munich Re. Lovett has been with Munich Re for eight years. He is chairman of group risk industry body Grid.
Ritchie says: “There is a great team at Ellipse and we have built a market leading digital platform that enables advisers to do group life and disability business economically in all segments. Personally and professionally I have loved almost every day of it.
“Thanks to all the advisers – particularly the early adopters – who have been prepared to recommend us and try doing this business a bit differently. The past tense in this only applies to me – the future is very bright for this business and this terrific group of people.”
Lovett says: “I am delighted and feel privileged to be given the opportunity to lead the Ellipse business, and look forward to continuing the good work that John and the team have done in growing the business.”