Informa Insurance News 24
RFIB CHIEF BEARD EXITS
RFIB chief executive Steven Beard has stepped down with immediate effect. Beard has led wholesale broking group RFIB and sister company Limehouse Agencies for two years, a period that included the rebranding of the holding company to Risk Transfer Group (RTG) and the sale of the company to Integro. He is also credited with returning the broking firm to profit. In June RFIB reported an operating profit of £4.9m ($6.2m) for the year ended December 31, 2018, compared to a £1.9m loss a year earlier. "Stepping down as CEO and leaving a business is never an easy decision to take, but timing is everything, and now feels right," said Beard.