HSB Engineering Insurance announces changes to its Board of Directors


Press Release

Specialist engineering and construction insurer HSB Engineering Insurance (HSB), part of Munich Re, has made changes to its Board of Directors.

Stephen Worrall has been appointed Managing Director having previously held the position of Finance Director. Stephen is a qualified Chartered Accountant and joined HSB in November 2007 after nine years with PwC where he was a Senior Manager in the Financial Services Audit department.

Tim James, formerly Group Sales Manager, has been appointed to the Board of Directors as Business Development Director. Tim joined HSB in 2000. Prior to this, he held a variety of business development positions within insurers and brokers, including a management role at Allianz.

In addition, Kelli Close-Smith, General Counsel has been appointed Company Secretary.

Stephanie Watkins, CEO, HSB Engineering Insurance, commented: "These management changes and appointments to the Board are in recognition of the significant contribution that Stephen, Tim and Kelli have made to devising and executing our business and operational strategies. They will be instrumental, along with the senior management team, in developing the future strategic direction for the business and strengthening our position as a market leader in construction, engineering and renewable energy insurance."

These announcements follow on from the recent appointment of Anya O’Reilly as Finance Director.