LV= boss John O’Roarke to look at new role in 2016

LV= general insurance chief executive John O’Roarke is to look at a new role within the insurer when his contract expires in December.

O’Roarke is ending a four-year contract with LV= and he will then look at a new role in 2016, possibly as a non-executive director.

O’Roarke said: “It’s nine years since myself and the ABC team joined LV= and we’ve had a fantastic time and great support from the wider LV= team building it into the business it is today.

“When our current deals runs out in 2016 I may look at taking a different more advisory role within the company.”

After leaving RBS Insurance in 2005, O’Roarke founded personal lines insurer ABC Insurance Services with Peter Horton, Steve Castle, Phil Bunker and Paul Cassidy whose contracts also come to an end in December.

The business was sold less than a year later to LV= in 2006, with O’Roarke heading up the mutual’s general insurance business as a result of the deal.

LV= said no plans had been finalised for O’Roarke or the wider ABC team as yet.