Cooper Gay has restructured its UK business, Cooper Gay & Co Ltd, into three core trading units. The new units will henceforth be known as:

•Reinsurance – led by reinsurance CEO Andrew Hitchings

•International (incorporating non-marine, energy and underwriting & distribution management) – led by international CEO Chris Butcher

•Specialty (incorporating marine, aerospace and professional risks) – led by specialty CEO Stephen Barton

These three core trading units will sit above existing divisional structures, reporting to CEO Shaun Hooper, and will be tasked with supporting effective corporate governance and driving the delivery of the company’s strategic aims and objectives. The divisions will continue to function under their existing operational structures, supported by finance, operations, compliance and human resources teams as before.

Cooper Gay’s UK board, which is responsible for overall management and setting the long term strategic direction of the business, has also been strengthened, pending FSA approval, by the addition of Stephen Barton and Andrew Hitchings to form an eight-strong board.

The restructure follows last week’s announcement that Cooper Gay had brought together the management of its non-marine and energy operations in the UK to create an International trading unit.

Commenting on the restructure, Hooper said: “Driving growth, enhancing leadership and delivering effective corporate governance are vital elements of Cooper Gay’s development strategy that we believe will be best delivered through the formation of three streamlined trading units. With the three teams fully aligned, we will focus on developing their combined strengths to generate additional business, and support and enhance the delivery of service excellence for our clients.”

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