Davies appoints INED to join FCA regulatory boards

27th April 2020

Davies, the leading specialist professional services and technology firm, today announces that it has appointed a new independent non-executive director (INED), Michele Turmore, who has joined the firms’ UK regulatory boards for its independent launch and host incubation platform for new and established MGA’s and Brokers.  

Michelhas held C-Suite roles in the banking and insurance sectors for businesses including Lloyds TSB, Harrods Bank Ltd and Allica Bank, as well as currently holding an INED position at Shawbrook Bank.  

Joining two of Davies’ FCA regulated platformsMichele will support the Board with a focus on strategy, regulation and corporate governance. Her role will add further support to the platformwhich provide insurance operations and consulting solutions for start-up, live and legacy intermediaries, in the UK.    

Since its launch, Davies Intermediary Services business has successfully supported the launch and host of more than 50 MGAs and brokers, and has established itself as the go-to partner for entrepreneurs and businesses looking to start new insurance distribution platforms. 

Earlier this month Davies announced the appointment of a Group Chief Risk Officer, James Heath, as the group strengthens its global leadership team as it seeks to continue its expansion in to new territories and to add new domain expertise. In February 2020 Davies was named as one of the fastest growing international companies in the Sunday Times International Track 200. 

In 2019, Davies delivered revenue growth of 49%, including double-digit organic growth, as it launched new claims and insurance operations in the US, as well as doubling the size of its Ireland operations via the acquisition of Thornton Group and significant new business wins.  In the UK the firm added a new Learning Solutions segment to its Consulting & Technology offering, through the acquisition of FWD, and added new claims capability through the acquisitions of TMS, GBB and Banwells. 

Chris Butcher, CEO, Davies Intermediary Services said: “Michele’s vast experience and expertise within the highly regulated sector will further strengthen our regulatory boards and ensure our clients interests are fully represented;  I very much look forward to working with her as we continue to transform and disrupt the insurance market.”  

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