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Towergate appoints Wood as CEO of Paymentshield

Former Ecclesiastical UK managing director Steve Wood returns to the insurance industry to join Towergate’s executive team.
Towergate Insurance has appointed Steve Wood as chief executive officer of Paymentshield.

The appointment marks Wood’s return to the insurance market after having previously left his post as UK managing director of Ecclesiastical Insurance Group in 2013.

Towergate confirmed he would join its executive team on 16 March and that acting chief executive officer James Watson would revert to his role as sales director.

Wood has over 30 years’ experience in the insurance industry and in addition to his eight years at Ecclesiastical he has worked at RSA and Royal Insurance.

Scott Egan, interim CEO at Towergate said: "This appointment is further evidence of the pace at which we are moving forward at Towergate.

"We are continuing to attract talent to the business, which adds to our experienced and capable team."

Wood added: "It is an exciting time to be joining Towergate, and I am delighted to be taking on the Paymentshield role.
"Paymentshield is a great business with lots of potential, and I really look forward to working with the team there to drive the company forward."

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