Doug Smith has joined Insight‘s corporate insurance consultancy business. Smith has held previous senior positions as chairman of Marsh’s private equity practice and latterly as non exec deputy chairman of Willis M & A practice.
Insight are pleased to announce that Doug Smith has joined their rapidly growing Corporate Insurance consultancy business.
Doug has held previous senior positions as Chairman of Marsh’s Private Equity practice and latterly as Non Exec Deputy Chairman of Willis M & A practice, and is widely regarded as one of the leading UK insurance advisors on transactional insurance issues to the private equity industry and major / mid size Corporates.
Doug Smith will team up again with former Corporate Risk plc. colleague Colin Paterson, the Managing Director and founder of Insight, and will focus on broadening and strengthening relationships with the private equity community. He will also provide strategic advice on growing Insight’s unique concept of introducing “Client-Side” (i.e. in house) Corporate Insurance expertise, free from any commercial conflicts, directly to the PE community and their portfolio companies, and to Corporate Insurance buyers of medium / large Corporates.
Commenting on the appointment Colin Paterson said “We are delighted to have been able to attract the services of Doug Smith in an advisory non executive role. Doug is recognised as being one of the UK’s most experienced insurance professionals and has a long-standing track record in advising private equity firms and corporate business from both operational and strategic perspectives on Insurance matters. We look forward to working together again and I am sure Insight will greatly benefit from his participation and professional input, which will further assist us in rolling out our unique Client-Side Corporate Insurance offering and attaining our expansion plans”.
Doug, of Eurorisk Partners and whose previous roles include Chairman and Founder of insurance broker Corporate Risk plc., Director & Chairman of Heart of Midlothian from 1997 – 2004 together with a number of Public & Private companies, commented “Insight is providing a valuable service increasingly recognized by Corporate Insurance Buyers. It allows the key process of insurance renewal and risk issues to be dealt with using the in-house services of experienced insurance professionals from INSIGHT. I am very much looking forward to the challenge of developing Insight both in the UK and also European markets. ”
Insight was founded in 2009 by Colin Paterson who introduced the unique concept of delivering “Client – Side” Insurance consultancy to medium to large Corporate businesses throughout the UK. Insight is neither a Broker nor Insurer and does not sell Insurance products. Insight solely focuses on providing informed and current market knowledge and advice on how to achieve “market best” outcomes in respect of pricing, coverage and broker service delivery directly to CEOs and CFOs, free of any conflicts, allowing their clients thereafter to make informed insurance purchasing decisions.
Insight has a growing client base including a growing number of PE houses and their portfolio companies in a wide variety of sectors including. Manufacturing, Retail, Energy / offshore, Hospitality and Professional services, many of whom have Global operations.