Broadstone, an independent financial services consultancy delivering advice to employers, insurers, lenders and pension scheme trustees, has appointed Karen Graves to its board as non-executive director.
Karen is a highly experienced director in the insurance market through over 30 years’ work in the Lloyd’s and London market. She started her career in compliance before becoming chief operations officer and then managing director at an established Lloyd’s managing agency. Karen has also worked for a global reinsurer, supporting its EMEA operations.
Karen is also an accomplished non-executive director within the insurance sector. She is currently chair of GreenKite, a professional services firm operating in the UK insurance market, and an independent non-executive director on the boards of USAA SA, Allied World Managing Agency and Accelerant UK, where she chairs the risk committees.
Karen’s appointment to the Broadstone board follows the addition of insurance and actuarial consulting specialist, Bill Pedersen, as non-executive director in May.
Broadstone says the hires are part of its "continued strategic focus on growing within the UK insurance vertical across the life, general and Lloyd’s and London markets".
This objective is supported by the investment in Broadstone by Lovell Minnick Partners in March, providing the resources to bolster its insurance capabilities, expertise and market footprint.
Tony Gusmao, CEO at Broadstone, commented: “Karen brings invaluable leadership experience in the insurance market at a time when we are looking to accelerate growth in this segment. Building on the appointment of Bill Pedersen and fresh capital backing, Broadstone is well-positioned to continue on an exciting growth trajectory.”
Karen Graves added: “Broadstone has ambitious strategic objectives and exceptional potential for further expansion across the insurance markets that I have worked in for over three decades. I look forward to adding my specialist knowledge and helping the business develop its differentiated market proposition to deliver continued and long-lasting success.”
