Hyperion shakes up broking arm

Hyperion Insurance Group has appointed Tim Coles as chief executive of its broking arm, Howden Broking Group.

In addition, Simon Behagg has become chief operating officer.

Hyperion’s chief executive, David Howden, said: “Howden Broking Group was formed two years ago to bring together all our broking companies. We were a group of businesses with a common DNA but working independently of one another - in some cases with different names. We have worked together to unite our operations across the world and, in 2009, we began a global marketing programme to align us under a single brand.

“Last year our broking revenue grew by 41% despite what has been one of the most challenging markets over recent years. We are looking forward to continuing this trend with further aggressive organic and acquisitive growth.”

Coles joined Howden in 2002 and has led its UK retail and global wholesale operations for the past five years, delivering 51% growth last year.

Behagg has joined from Aon Benfield International where he was head of strategy, responsible for developing and implementing strategic operational initiatives. Prior to this, he was the global head of operations within Benfield’s Facultative Solutions Team, part of a four-man executive responsible for running a $40m turnover business with 12 offices and 100 staff in 10 countries.

Coles said: “This is an exciting time. We have worked hard to create the growth we are enjoying, which is the product of creating and maintaining an environment in which entrepreneurial and driven individuals, teams or businesses can flourish. I am delighted to welcome Simon to the team. He brings the experience, drive, talent and ambition to create a first-class operating model for the Howden Broking Group which is fundamental to underpin our profitable growth.”

Behagg added: “Howden Broking Group is a fast growing international organisation, ideally positioned to take advantage of the changes taking place within the markets around the world. I am looking forward to taking the business forward to become a significant global player.”