Primary promotes Davey to CEO of its new venture

Primary Group has promoted Jonathan Davey to chief executive officer of its UK small and medium enterprise (SME) underwriting businesses, which will be held under a new intermediary holding company.

The new company - which, as yet, has no name - will comprise of Primary Group's existing commercial and personal accident underwriting agencies: ATD General, Europea, Primary Broker Services and Rural Insurance. Collectively, the businesses have an annual turnover just in excess of £60m.

Mr Davey s