Peter Hubbard steps down from UK General

Peter Hubbard is to step down from his role as group chief executive of UK General Insurance Group Ltd.  Mr Hubbard, who has overseen the growth of Leeds-based UK General into the UK’s biggest MGA, will leave his role at the end of February. 

Lord Carter of Coles, chairman of Primary Group, the owner of UK General, said: “Peter has been an exemplary leader of UK General for the three and a half years since he become group chief executive in May 2012.  During a time of unprecedented change in the insurance industry, he has grown both the revenue and profitability of the company substantially, with the group now approaching a  £500m business, where many other insurers and MGAs have struggled to deliver growth.”

He added: “Following the successful separation of the three business divisions of UK General - Personal Lines, Rural Insurance and One Commercial - in 2015, Peter has decided that it is time to reduce his work commitments. He has led the business with great flair and imagination, and we are immensely grateful for his contribution. I am delighted that Peter will continue to contribute to Primary's future development as a non executive director of several Primary Group businesses."

Mr Hubbard said: “I am very proud of our achievements in transforming UK General into an MGA powerhouse, working alongside my excellent colleagues in the management team.  The separation of the three core businesses represented the final stage of development, leaving the group in a far stronger position with each business well focused on its customers and markets.”

He added: “It was a difficult decision, because I absolutely love the business, our industry and the people who work within it, but I want to spend less time working day to day.   I currently have no specific plans beyond remaining as a non-executive director to other Primary businesses.”