Besso announces new board

Besso Limited, the independent top 20 Lloyd’s broker, is re-structuring its board. From 1 July and subject to regulatory approval, Rob Dowman and Russ Nichols will become Joint Chief Executives.

Rob Dowman is currently Managing Director of Global Casualty and Russ Nichols is Managing Director of Global Property; which are amongst the largest divisions of the Besso group. Both Dowman and Nichols have been with Besso for more than 10 years and have each played a key role in the company’s growth.

The restructure will also see Howard Green and Roddy Caxton-Spencer become Chairman and Deputy Chairman respectively. Howard Green was one of the founding members of the Besso group and is currently Chairman of the North American property division, he has been with Besso for over 30 years. Roddy Caxton-Spencer is currently Managing Director of the international division and has been with Besso for over 15 years. Both have made a significant contribution to the company’s strength and demonstrated their ongoing commitment to its success.

Colin Bird will step down as Chairman of Besso Limited but will remain Chairman and Chief Executive of Besso Group.

Colin Bird, Chairman and Chief Executive of Besso Group, said:

“The management team at Besso has delivered excellent results and we have seen strong growth in recent years. This restructure recognises those that have played an important role in our company and the talent that has been nurtured within it. We have had a consistent management team here for 30 years and now it is time for the next generation to take the business forward.”

Rob Dowman, incoming Joint Chief Executive of Besso Limited, said:

“We are excited about helping the company fulfil its growth and ambitions for the future. Russ and I will be sharing the responsibilities as Chief Executive, and will continue to manage respective divisions and client base. It is of huge benefit for both of us to be able to call upon the vast experience of Colin and Howard as we step into our new roles.”

Russ Nichols, incoming Joint Chief Executive of Besso Limited, said:

“This is an exciting time for Besso as it expands into new territories and it is great to be a part of it. Rob and I will be working closely to take the business forward and ensure its continued success.”