Xenia appoints Steven Stennett as Chief Executive Officer
London, UK, 6 February 2023: Xenia Broking Group Limited (“XBGL”), a Brown & Brown group company, announces today the appointment of Steven Stennett as Chief Executive Officer.
Steven brings over 25 years of experience in the trade credit insurance sector, holding leadership roles in business development and account management at country and international levels. He started his career with Atradius, followed by Coface where he led commercial teams across the UK and Western Europe. Most recently, he was the Commercial Director at Allianz Trade UK and Ireland and led the commercial distribution, marketing and commercial underwriting teams to deliver profitable growth.
Steven succeeds Tim Coles, who has been appointed to a key group leadership position as Chief Executive Officer for the international operations of Bridge Specialty Group, the wholesale brokerage segment of Brown & Brown. Tim will remain with Xenia as Chairman, with current Chairman, Jeremy Adams, stepping back from the business, having held the position since early 2019.
Mike Bruce, CEO of Brown & Brown (Europe), commented:
“Xenia is a highly successful specialist broker that goes from strength to strength - delivering consistently strong financial results while continuing to grow its UK regional footprint and diversifying its product offering. I am delighted to welcome someone of Steven's calibre and experience to lead the team. His deep understanding of the trade credit insurance market and proven leadership qualities make him ideally suited to lead Xenia through the next chapter of its evolution.”
Steven Stennett, CEO of Xenia, said:
“The ambition of the team and the quality of the people made my decision to join the business extremely easy. Xenia has an outstanding reputation for the experience, differentiation and relevance it brings to its client base. I am delighted to have the opportunity to lead the business’ onward development. There are exciting opportunities in the market for nimble, forward-thinking companies like Xenia which excel in providing the highest levels of service and specialisation for its customers. I am very much looking forward to being part of that journey.”
Notes for Editors
About Xenia Broking
Xenia is a specialist trade credit insurance and surety broker, and one of the largest credit insurance brokers in the UK. The company was launched in 2020 following a number of key acquisitions including Credit Risk Solutions, Credit & Business Finance and Howden Trade Credit team. Peter Hill Insurance Brokers, and Capstone Insurance Brokers in Hong Kong have since been added to the Xenia team.
Xenia’s vision is to become a leading international credit insurance and surety broker and to continue to develop its offering into adjacent and complementary products and services.
Xenia is a wholly owned subsidiary of Kentro Capital Limited, a holding company with a focus on investing in MGAs and insurance brokers globally. Kentro is part of Brown & Brown (Europe) Limited.
For more information, please visit: www.xeniabroking.com.
About Brown & Brown (Europe) Limited
Brown & Brown (Europe) Limited operates retail broking, specialist MGA, network and Lloyd’s businesses, enabling the business to serve the growing insurance and risk management needs of its customers. Brown & Brown (Europe) is an operating unit of Brown & Brown Inc.’s Retail segment.
For more information or to find an office near you, please visit: www.bbrown.com/eu/.
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