First Central announces new CEO

Wednesday 03 April 2019

First Central Insurance & Technology Group has announced the appointment of its new Group CEO – Michael Lee.

Having formed 10 years ago, First Central employs almost 650 people with 40 of those employed in Guernsey.

Mr Lee was previously the Managing Director of the Hastings Insurer Services Division and part of the executive team that successfully listed Hastings Insurance on the London Stock Exchange. He spent almost a decade at Provident Insurance before co-founding Southern Rock Holdings in Gibraltar.

"I've watched First Central's growth over the past few years with interest and am excited to be joining the group as it looks to take the next step in its journey," said Mr Lee. "First Central's in an enviable position. Both its size and bespoke technology enable it to adapt with agility to changing market conditions and ensure it can maximise opportunities created. This is really inspiring and provides a great backdrop for future profitable, sustainable growth.

"I'm looking forward to working closely with the team to build upon the success of the business."

First Central Chairman, Mike Leonard added: "Michael brings a wealth of experience, not only in the UK motor insurance market but also in growing significantly and broadening a customer base. He has a proven track record of delivering strategic success and driving business growth, as well as considerable experience within the industry. We are thrilled to welcome Micheal to First Central."

In addition to Mr Lee's appointment, First Central has announced two promotions in the leadership team. Jo McGowan has stepped into the role of HR Director and Zuzana Clark is now Operations Director. They will join the subsidiary boards of First Central Services UK and First Central Law respectively.

Pictured: Michael Lee.