The Shipowners’ Club, a P&I insurance company in the smaller sized and also expert vessel field, revealed Simon Peacock will certainly take control of as chief executive officer in 2023.
Current CHIEF EXECUTIVE OFFICER Simon Swallow will certainly be tipping down on May 25, 2023 prior to beginning his retired life on August 3, 2023. The present Chief Financial Officer (CFO), Simon Peacock, will certainly be the inbound chief executive officer on May 25, 2023. Marcus Tarrant, presently Director and also Chief Actuary of the Club’s administration firm, will certainly come to be the Club’s CFO.
Swallow signed up with the Shipowners’ Club in July 1991 and also after a spell as Underwriter he represented Director ofUnderwriting Simon has actually offered on the Club’s administration Board, Shipowners’ Protection Limited (SPL), for over 25 years. It remained in March 2015 that Simon used up the chief executive officer duty from Charles Hume, having actually been the Club’s Commercial Director back then.
The Club’s Chair, Donald A. MacLeod KC, stated, “Simon’s long service and the success of the Club which he has overseen is testament to him. Simon’s energy, enthusiasm and unsurpassed market knowledge have served the Club’s Members admirably over these many years. Simon will retire from his CEO role with the Club’s very best wishes.
“Simon Peacock has been the Club’s CFO since February 2016. During that time he has overseen a period of enviable financial stability in the Club’s finances and has helped develop and deliver the strategy which sees the Club so well placed now and for the future. The Club’s Board was delighted that he accepted their invitation for him to succeed Simon Swallow. Simon will assume the role of CEO on 25 May 2023 and will look forward to continue working with the excellent SPL Board team.”
At the very same time, Tarrant will certainly come to be the Club’s CFO and also will certainly remain to offer on the Board of SPL because brand-new ability. Marcus has actually been with the Club for the previous 8 years and also presently meets the duty of Director and also Chief Actuary.
Swallow stated, “It has been a fantastic journey and I have been proud to lead what is such a great P&I Club, part of the International Group, and focused on providing the highest levels of service to our Members and their brokers. For the next seven months or so it is very much business as usual. We have much we want to achieve as we drive forward with our strategy and vision but what I do know is that I will leave the Club, of which I am very fond, in great hands.”
Peacock stated, “The Shipowners’ Club is highly regarded by our Members, by their brokers and by so many other partners to the Club. Their trust and confidence is a reflection of the hard work and expertise which is applied by my colleagues, wherever they are and whatever their role, all with the aim of ensuring peace of mind for our insured Members. It will be an honor to assume the CEO position and I look forward to continuing the great work that Simon Swallow has overseen during his time at the Shipowners’ Club.”
