Partnership Assurance appoints Simon Waugh and Paul Bishop to Board as Non-Executive Directors

– UK, London – Partnership Assurance Group plc is pleased to announce that Simon Waugh and Paul Bishop are being appointed to the Board of Partnership Assurance Group plc (the Board) as Non-Executive Directors.

The Company also announces that Robin Phipps will step down from the Board today in order to focus on his other non-executive roles.  Marisa Cassoni, whose intention to step down from the Board was announced on 19 December 2013, will also leave the Board on 11 March 2014.

Simon Waugh, whose appointment is effective today, was Chief Executive of AWD Group plc, the financial services group, from 2005, becoming Chairman in 2007, a post he held until 2009.  Prior to this, his career was spent in an executive capacity at Centrica Plc, SAGA Services Ltd, Lloyds Bank PLC (Lloyds Bank Insurance Services) and American Express.  Simon is currently non-executive chairman of CMC Markets PLC, MyDrive Solutions, The Consulting Consortium and Southern Health NHS Foundation Trust and a Trustee of Age UK.  Between 2003 and 2009 he was a non-executive director of Johnston Press Plc.  From 2009 to 2013 Simon was Chief Executive of the National Apprenticeship Service, reporting to the Secretaries of State at both the Department for Business Innovation and Skills and Department for Education.

Paul Bishop’s appointment will be effective 1 May 2014. Paul has spent the majority of his career at KPMG, and from 1993 to the end of January 2014 was a Partner apart from a brief period when he was employed at Atos KPMG Consulting as a Managing Director.  Paul has specialised in the insurance sector for over 30 years, particularly life insurance, and led KPMG’s insurance consulting practice for much of his time as a Partner.  Paul also spent 18 months on secondment at Standard Life as Head of Finance Change in the period leading up to its demutualisation and IPO.  Paul is a Chartered Accountant (ACA) and qualified in 1980.

Simon and Paul will also both be appointed to the boards of Partnership Life Assurance Company Limited and Partnership Home Loans Limited once regulatory approval has been received for each of these appointments.  Robin Phipps is stepping down from the Boards of both of these companies today.

Chris Gibson-Smith, Chairman, commented: “I am delighted to welcome both Simon and Paul to Partnership.  I am confident that their experience and skills will be of great value to the Board and the Company as a whole.  I would like to thank Robin and Marisa for their valuable contributions.  Robin has been a non-executive director at Partnership since February 2008and contributed significantly to the growth of the Company over this period.”

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