REG appoints Jonathan Rusby as Chief Commercial Officer
19 March 2018 – REG (UK) Ltd, (REG), the award-winning RegTech solution for counter-party risk management, have appointed Jonathan Rusby to the newly created role of Chief Commercial Officer with immediate effect.
Rusby joins REG from Duck Creek Technologies where he was a founder member of the European business in 2007. Rusby helped to grow the business from start-up to acquisition by Accenture in 2011 where he was European lead within Accenture for the Duck Creek software. Rusby brings a wealth of insurance and software knowledge to REG and will lead the commercial strategy for the business as it grows internationally and into new sectors. Rusby is ACII qualified and is a Chartered Insurance Practitioner.
Jonathan Rusby said of his appointment:
“Having spent over 25 years in the insurance industry working for both insurers and software vendors, I was keen to join REG because it adds value in helping the industry to mitigate risk. I firmly believe it is one of the most dynamic and high growth organisations in the insurance market today. It is an exciting time to be joining Michael, Paul and the team as we extend our reach globally and expand our product offerings.”
Managing Director Paul Tasker said:
“Jonathan’s experience has been gained in the insurance and technology sectors where he has built an enviable reputation for driving change with innovative companies. A great asset for REG, Jonathan will be key to growing our market share and product delivery. It’s a great pleasure to welcome Jonathan to the team.”
Last month REG announced the appointment of Paul Tasker as new Managing Director. The RegTech provider also claimed to have over 3,100 UK insurers and intermediaries, or around 75% of all active UK insurance intermediaries, registered on its platform.
ENDS
For further information, please contact:
Full Circle Communications
Matt Beasley Mobile +44 (0) 7384 466 791 Tel: +44 (0)20 7265 7887 Email mbeasley@fullcirclecomms.co.uk
Alex Wise Mobile +44 (0) 7710 665 615 Tel: +44 (0)20 7265 7887 Email awise@fullcirclecomms.co.uk
Notes to editors
About REG
REG (UK) Ltd is an on-line due diligence and regulatory compliance platform for Counter-party Risk Management in the UK Insurance industry. It is the only real-time solution in the UK market that combines 24/7 alerts for financial, corporate, sanctions and regulatory changes in a broker/coverholder’s information with electronic exchange of Terms of Business Agreements (TOBAs).
REG is an essential tool for accelerating business flows and mitigating regulatory and financial risk. Given the ever-increasing burden of regulation, REG is becoming a "must have” solution for transforming inefficient and costly manual and paper-based processes.
Over 89% of Top 100 Brokers that wholesale, as listed in Insurance Age, are registered on REG’s platform, and 20% are clients using REG to monitor their producing brokers. In addition, over 30% of Lloyd’s Managing Agents are registered members, as well as over 60% of Lloyd’s Brokers and Coverholders
REG is actively developing solutions to address Delegated Authority risk and regulatory requirements and will expand its offering in 2018 to provide global monitoring capabilities in over 80 countries.
REG recently received a £8m capital injection from Edi Truell’s Disruptive Capital Investments fund. For more information visit www.reg.uk.com