Axiom appoints board director

Appointed as board director of Axiom Consulting, to continue the development of the financial and regulatory reporting services across the London insurance market.

Charles Portsmouth,has joined Axiom as head of financial reporting and has been appointed to the board of Axiom Consulting.

Portsmouth will lead Axiom’s Financial Reporting Specialist Team (FiRST) which provides a full range of accounting and regulatory reporting services to the international insurance market. FiRST is the largest independent financial reporting provider to the Lloyd’s market providing specialist services to over 30 insurance companies and managing agents, 35% of active Lloyd's syndicates and 80% of Lloyd’s corporate names.

Portsmouth joined Axiom from Shelbourne Syndicate Services, where he was the finance director, responsible for all aspects of the finance function of the Lloyd’s managing agency including statutory and regulatory reporting. He has held senior roles in venture capital consultancy and was previously executive director of Ockham Holdings (now Highway Insurance) the UK’s 9th largest motor insurer and group finance director at Cliveden.

Tim Riddell, chief executive officer, Axiom, said: “Charles has exactly the right combination of specialist Lloyd’s market skills and entrepreneurial flair we need to lead and grow our FiRST division and I am delighted to welcome him as a main board director. Our financial and regulatory reporting capability has long been seen as one of our strengths and Charles brings the knowledge and experience we need to further expand our services to the Lloyd’s market”.

Portsmouth added: "This is a very exciting time to be joining Axiom, Tim Riddell has successfully repositioned the business from being seen as supplier of back office services to run-off companies to being recognised as the source of specialist business consultancy, technical excellence and people resourced right across the (re)insurance market. Axiom’s recent record in winning new business is testament to the wisdom of this new strategy and I am looking forward to helping to take it to the next level by leveraging Axiom’s existing capabilities and reputation in financial reporting to further build its services across the Lloyd’s market”