Press releases

Deloitte appoints new insurance leader

9 November 2020

Deloitte is today announcing the appointment of Andy Masters as its new UK head of insurance.

Andy is a strategy consulting partner at the firm, with 30 years’ experience working across the insurance sector. In recent years he has specialised in helping organisations involved in the provision of savings and retirement products to develop and implement new ideas and strategies for growth, efficiency and customer engagement.

Prior to joining Deloitte, Andy was a consulting partner at KPMG where he headed up the savings and wealth sector. He started his career with Accenture.

The insurance business drives close to 10% of Deloitte’s UK revenue by delivering the full set of services to a wide variety of clients.

Andy Masters said: “The UK insurance sector has seen significant transformation over a sustained period, driven by regulation, cost and pricing pressures, evolving customer expectations and now of course, from COVID-19. The pandemic has proved a real test of the sector’s reputation and resilience, and is likely to have lasting consequences for years to come. Despite the challenges it undoubtedly faces, I believe the sector will continue to thrive as it embraces technology and new ways of working to ultimately deliver better outcomes for customers.”

Andy joins Deloitte’s wider financial services sector leadership team, which also includes Tony Gaughan (head of investment and wealth management), Siobhan Godley (head of real estate), Vishal Vedi (head of banking & capital markets), Louise Brett (head of fintech), Allee Bonnard (head of private markets), and Matt Perkins (head of regions).

Richard Hammell, UK head of financial services at Deloitte, said: “I’m excited to announce Andy as the firm’s new head of insurance. I am confident he’s the right candidate to lead the business at what is an important time for the future of the industry. He brings extensive experience to the role across the range of insurance sub-sectors – which will be critical to support our clients as they transform in years to come.”

Andy succeeds Clive Buesnel, who was recently named chief executive officer of Tysers, the specialty London-based wholesale broker.


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