Hampden Group, a leading provider of specialist insurance, investment and financial support services, is pleased to announce the appointment of Lord Strathclyde as chair of the group’s ultimate holding company Hampden Holdings.
Strathclyde will take on the role from Hampden founder Tim Oliver. Oliver will remain on the board as founder and life president, having grown and overseen the development of the group over the past 50 years.
The appointment of Strathclyde demonstrates the group’s planned board succession with a long-term outlook to the group’s oversight and success. Strathclyde has extensive experience of working with family-owned businesses and is also chairman of Hampden subsidiary, Hampden Agencies, the largest provider of members’ agency services in the Lloyd’s market. He is therefore well placed to offer his support and guidance to the Hampden Group board.
Oliver said: ”I am delighted to hand on the chairmanship of Hampden to Tom Strathclyde. He has worked with the group for a number of years and his skills and insight will be important to Hampden’s continued long-term development.”
Strathclyde added: “Hampden is a uniquely placed business, and I am delighted to be entrusted by Tim Oliver with such an important role in the succession and growth of the group.”
Stephen Harris, Hampden Group CEO, said: “Tim Oliver’s contribution to the group and indeed the Lloyd’s market over the past decades cannot be underestimated. We look forward to continuing to benefit from his input as a director and welcome Tom’s experience and guidance as chair, enabling the board to develop the group’s strategy in the coming years.”