THB hires former Marsh boss

THB Group has appointed Steve Matanle as the new chief executive for its London-based Lloyd’s broking operation Thompson Heath & Bond Limited.

Matanle takes up his role on 1 May (subject to regulatory approval), succeeding Frank Murphy who becomes group chief executive on the same date following the retirement of THB founder Vic Thompson.

Matanle was most recently managing director for the capital optimisation specialist Libero Ventures. He was previously president of Marsh Global Broking, head of European placement, chairman and chief executive of Marsh Global Markets and global placement leader (where he carried a global responsibility for regional, specialist and international placement activities within Marsh).

Current chief executive, Frank Murphy, said: “THB is delighted to have secured such a valued member of the insurance broking community. Steve’s CV speaks for itself both commercially and, as a former chairman of the LMBC and the Market Reform Group, as a respected voice for the broking community. Our succession planning has paid off and THB’s management structure now has the ideal skill sets to take our business forward.”

Steve Matanle added: “I am delighted to be joining THB at such an exciting time in its development, with its newly-strengthened Lloyd’s broking operation well placed to take advantage of new growth markets both domestically and internationally.”