International Financial Group Limited (IFGL) – owner of RL360, Friends Provident International Limited (FPIL) and Ardan International Limited – has made some important changes to its management structure.
On 1st January 2021, Manxman Mike Crellin, formerly Finance and Commercial Director, became Managing Director of IFGL’s Insurance Division.
Mike has assumed overall responsibility for the day to day operations of the Insurance Division and oversight of the key corporate projects. He continues to report to David Kneeshaw who has taken the role of Group Chief Executive IFGL. David will concentrate on IFG Group matters and he remains Chair of the IFGL Executive Committee. He will also retain overall responsibility for group strategy and market facing activities.
Mike has also become Chair of the Insurance Division Executive, the FPIL Management Committee and the Ardan Board. David remains on these Boards and Committees.
Alistair Brogden has been appointed IFGL’s Finance Director and Donald Macleod takes on Alistair’s former role as RL360 Appointed Actuary.
These changes received the necessary regulatory approvals.
IFGL has grown significantly in recent years – and in particular following the acquisition of FPIL in July. It is important that the strength, experience and structure of the management team is reviewed periodically to reflect this growth and ensure it remains appropriate to the needs of the organisation.
Whilst the company has enhanced the Group governance processes and significantly strengthened the skill set and breadth of the management team over the last five years, completion of the FPIL acquisition has been the catalyst for a wider review of the management team structure.
The role changes give the management team more strength and depth, a greater resilience and enhance the Isle of Man as central to IFGL and the location where key decisions are made. They are designed to consolidate and accelerate IFGL’s position as a leading provider in the International Life market.
Group CEO David Kneeshaw told B365: ‘The changes announced today give us greater resilience and strength and depth in our management team and more succession planning options.
‘IFGL has always prided itself on its independent nature, both in structure and culture. Our Isle of Man roots are important and these changes, in particular the new role taken on by Mike, will cement our Island based operating model.’
IFGL Managing Director Mike Crellin added: ‘IFGL has grown very quickly since 2013, both organically and through acquisition. This new senior management structure provides a strong and appropriate platform for us to continue this exciting trajectory in the years to come.’