Insure and Go appoints new MD

by Gill Montia

Story link: Insure and Go appoints new MD

Insure and Go, the travel insurance specialist, is seeking a new managing director.

The firm is currently headed by its co-founder, Perry Wilson, and the appointment is being made ahead of plans to enter the home and motor insurance markets.

Mr Wilson explains: “Entrepreneurs are not the best people to actually run companies. A lot of the best entrepreneurs don’t run their companies on a day-to-day basis. We need someone to help us tick the boxes and stay focused.”

He has also been at pains to point out that the new appointment is not directly related to last year’s investigation by the Financial Services Authority (FSA).

In December, the FSA banned James Richardson, the firm’s former chief executive.

The Authority found that he had been less than candid in his dealings with Insure and Go’s former auditors and had tried to mislead the FSA.

The difficulties arose out of Mr Richardson’s assertion that in 2003, the company was using a Gibraltar-based travel club scheme to limit its liability for Insurance Premium Tax.

However, it transpired that the Gibraltar Scheme did not operate until 2004.