Equity makes "critical first step" towards profitability with twin promotion
Equity Insurance Group has unveiled two high-level promotions with Tim Yorke assuming the newly-created role of chief operating officer and Peter Smith named as claims director.
The insurer - which boasts Lloyd's underwriting business Equity Red Star - said the moves followed its acquisition by Aquiline Partners.
Equity Insurance Group CEO Ian Parker described Mr Yorke's promotion as a "critical first step" towards taking Equity back to profitability.
"Aquiline are making a significant investment in modernising the IT and Tim will be responsible for implementing this and transforming our operations so that we can offer our brokers in our specialist motor segments the
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