​Tysers chief executive to step down

Lloyd’s of London wholesaler broker Tysers has revealed that Clive Buesnel will be stepping down as its top boss.

In a statement released today (22 August 2023), the firm said that Buesnel will leave the firm at the end of this month after taking up the role of chief executive in June 2020.

During his time leading the business, he managed the company through a period of Covid lockdowns, addressed technology infrastructure that did not support remote working and managed regulatory investigations relating to historic activities in Latin America.

And when the firm was acquired by broking group AUB in 2022, he agreed to work with the firm to manage Tysers through the first phase of ownership.

This included a restructure of the Tysers executive team, simplification of the operating model and the split out of operations into three groups – wholesale, retail and managing agencies.

”Given that these tasks are now complete, we have agreed with Clive that he will leave at the end of August,” Tysers said.

Mike Emmett, AUB chief executive, added: “We are delighted by the progress we are making across the group, including with Tysers.

”We continue to see exceptional results achieved by phenomenal teams in each part of the group.

“I’d like to thank Clive for his fantastic contribution to Tysers and wish him all the best for his next chapter.”

Restructure 

Following Buesnel’s exit, Emmett will take up the role of interim chief executive of Tysers.

Emmett revealed that AUB will be further evolving the operating model going forward to coordinate retail broking, wholesale broking and underwriting agencies as global operations.

As part of the move, the firm will appoint a new chief executive of wholesale broking to be based in London and a new chief executive of underwriting agencies.

And to coordinate retail broking, AUB has established a global leadership group made up of senior broking executives in Australia, New Zealand and the UK.

“This model will evolve over time and we ultimately envisage appointing a global head of retail to be based in Australia,” Emmett said.