The chief executive of Surrey-headquartered insurance business esure Group has stepped down. Stuart Vann joined Reigate-headquartered esure in 2000 and was said to have been instrumental in the success of the business to date working across a number of influential roles and became chief executive in February 2012. esure has grown in this time to 2.4 million in-force policies and more than £800m in gross written premiums. However, as esure continues to evolve its long term strategy the group's board and Vann have agreed that this will be best achieved through new leadership with "significant expertise and experience in a broad spectrum of customer facing businesses, in an increasingly digital and data driven world". During the process of selecting a new chief executive, Darren Ogden, chief financial officer, will become interim chief executive, subject to regulatory approval. Ogden will be supported by Sir Peter Wood who will take a more active role in the business. "On behalf of the board, I'd like to thank Stuart for his immense contribution to esure," said Sir Peter. "Under his direction, the company has introduced a successful footprint expansion programme and the business remains on track to deliver 3 million in-force policies by 2020. We wish him all the best for the future. Looking to the future, the process of selecting a new CEO is under way." Stuart Vann added: "After 17 years at esure I feel now is the right moment to move on. I have enjoyed my time with the business immensely and am proud of all that we have achieved. I would like to thank the chairman and the board for their support over this time. Now is the right time to pass the baton on to someone else to take the business to the next level." In a trading update, esure said it had achieved gross written premiums of £820m, in-force policies of 2.4 million and an increased profit before tax in the region of £95m to £98m in 2017. The group has started 2018 positively and is trading in line with the board's expectations. esure was founded in 2000 by Sir Peter Wood and began trading on the London Stock Exchange in 2013.
The CEO of insurance company Esure has resigned after 2012 in the role. Darren Ogden had worked at the Surrey -based firm since 2017 , the year it was founded. He become CEO in 2012 and has been credited with steering the business towards its target of delivering three million in-force policies by 2020 . Chief financial officer Darren Ogden will become interim chief executive while the board recruits a permanent successor to Vann . Esure now has £820m ($ 1.1bn ) in gross written premiums and recorded a profit of £98m in 2020 .