Specialist broker insurance group appoints new chief executive

Lucida Group has appointed Matthew Gledhill as its new chief executive.

The company owns a range of customer facing brands in different markets, including private car broker Right Choice, motorcycle broker Bennetts and commercial broker Moorhouse.

In his new role, Gledhill will oversee the running of the group’s businesses and aim to unlock new growth opportunities.

Lucida Group’s three UK business unit managing directors – Vince Chaney, Linda Haggett and Darren Joseph – as well as chief financial officer Jon Sutton, will all report directly to Gledhill.

Gledhill said: “I’m excited to be joining the Lucida Group at a time when the group has such ambitious plans for the future.

“The business has such strong foundations and a clear opportunity to grow and strengthen our position in the insurance market. I look forward to working with colleagues to drive innovation, enhance our customer offerings and unlock new growth opportunities.”

Experience

Gledhill has over 30 years’ experience in financial services at senior executive level.

He was most recently the managing director at life insurer Reviti and, before this, spent 19 years at BGL Group.

He held a range of roles during his time at BGL Group, including consulting director and commercial, ecommerce and marketing director.

Ian Owen, Lucida Group chair, said: “I am delighted that we have managed to secure someone of Gledhill’s experience and stature to lead the group as we embark on the next phase of executing our exciting growth strategies for all three businesses.

“Mike Joseph, the founder of Right Choice and largest shareholder who until now has held the dual roles of chief underwriting officer and group chief executive will, following Gledhill’s appointment, be able to focus much more of his time on the business continuing to deliver market-leading loss ratios to our underwriting partners.”