Nigel Payne departs Assurant Intermediary
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Nigel Payne, managing director of Assurant Intermediary has been made redundant.
His role has been made redundant following the completion of the final stage of a strategic review of the Assurant Solutions European business unit.
As part of that review, Assurant Solutions has moved to a structure of sales and marketing teams across its European operations supported by a central management function headquartered in Windsor.
Kevin Paterson, who has been the sales and marketing director since 2008 at Assurant Intermediary will take on some of his responsibilities.
Operational activity at the York site will continue through the existing management structure led by Vicky Hodgson, operations director.
Mike Balsley, president and CEO of Assurant Solutions Europe, says: “Assurant Intermediary has played a significant part in the growth of our business in the UK in particular over the past few years. It has been at the forefront of our distribution strategy in the UK mortgage market and it continues to have an important role to play in the successful delivery of our business objectives.
“The decision to include Assurant Intermediary in the restructure was deemed necessary to provide a broader pan-European support structure for the business, facilitating Assurant Group’s future growth plans”.
He adds that it would like to thank Nigel for the important contribution that he has made to Assurant Intermediary during his tenure, and wishes him every success in the future.
Balsley says Paterson will work closely with the European chief marketing officer, Jeff Unterreiner, to continue to develop new products and services for the intermediary market.
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Readers' comments (15)
David Copland | 12 Jul 2011 8:59 am
That is a big loss to Assurant's intentions in the intermediary field. It has been because of Nigel that they have made such an impact in this space.
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Shaun Vickery | 12 Jul 2011 1:53 pm
Nigel has done a quite spectacular job of turning Assurant from also-rans into one of the leading names in the G.I. marketplace. People like and trust him and he has the genuine respect of everyone in the broader market. I, for one, very much look forward to seeing him back in a senior position ready for another new challenge.
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Michael Clapper | 12 Jul 2011 2:02 pm
Agree with David - potentially a big loss for Assurant. Good news for whoever Nigel works with next though!
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Jas Jaspal | 12 Jul 2011 2:06 pm
A massive loss to all in the intermediary field, when you try to quantify the number of businesses that use Assurant predominantly, because of there relationship with Nigel. I'm sure and hope Nigel will bounce back, in an equally prominant role very soon
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Dave Booth | 12 Jul 2011 2:18 pm
From the first time i met Nigel i wanted to do business with him. Whatever role Nigel gains respect being well versed. Our industry needs people with Nigel's desire, that has continued to shine through in a very difficult period. Congratulations on your achievments whilst with Assurant.
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Jason Berry | 12 Jul 2011 2:39 pm
Nigel knows the Intermediary market better than anybody and has been extremely supportive to our business during the last couple of years. We would willingly work with him again in the future and wish him good luck.
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Ian Morley | 12 Jul 2011 4:34 pm
Nigel will be a great loss, to Assurant and knows the business extremely well. He has always been very supportive of my business and wish him every success for the future.
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John Mamelok | 12 Jul 2011 8:18 pm
Such a great loss of charisma & leadership for Assurant.
Nigel is most deserving of Assurant's CEO's thanks for advancing the firm into it's current position.A challenge spectacularly delivered in such a short period.
I trust it will not be long before Nigel introduces his next opportunity for intermdaries.
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Kevin Duffy | 13 Jul 2011 10:14 am
Best wishes for the future to Nigel Payne who is one of the industry's perennial achievers.
The work he has done with the Assurant brand from a near standing start has been exceptional and he leaves a strong legacy behind him.
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Payam Azadi | 13 Jul 2011 10:54 am
Nigel has worked wonders behind the scenes pulling together a fragmented back-office whilst simultaneously turning Assurant into a popular industry recognised brand. He was also placed key people at the helm who actively engaged with brokers to offer real solutions into the insurance sector.
In essence, he has been a huge supporter of the broker market and has helped Assurant reinvent
itself in one of the most competitive financial sectors.
I wish Nigel the very best luck, whatever he ends up doing, and I’m sure others will join me in recognising his efforts over the last few years.
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