Beazley has announced that former AXA UK chief executive Dennis Holt will step down as chairman of the London-listed carrier in March 2018.
He will be succeeded by David Roberts, who is set to become a non-executive director effective 1 November 2017.
Roberts has been chairman of Nationwide Building Society since July 2015 and during his career served as an executive director at Barclays Bank and deputy chairman at Lloyds Banking Group.
He will take up the position of non-executive chairman following the carrier’s Annual General Meeting next spring, replacing Holt who will step down from the board having served two full three year terms as chairman.
Commenting on the news, Beazley CEO Andrew Horton said: “I am delighted that David has joined the Beazley board, and I along with the rest of the board are looking forward to working with him. David brings extensive financial services experience and throughout his career he has proven himself to be insightful and strategically adept.”
Meanwhile, Roberts remarked: "I am very pleased to be joining Beazley plc. Beazley has an outstanding track record of delivering customer and shareholder value, and I look forward to working with the board and management team to continue this performance in the years to come."