Press Release: Top management changes at Thomas Miller


  • Date: 09/12/2008

9 December 2008

Mr. Fenton, who has been with Thomas Miller since 1997, is a former Chief Operating Officer of Thomas Miller P&I which manages the UK P&I Club. He has led the recent restructuring of the TT management operation and will be responsible for implementing its future business strategy. Mr Fenton commented that “The recent turmoil in financial markets has underlined the need for stability, continuity and quality of service which the Club has successfully achieved over the past 40 years”.

Mr. Neagle has been involved with the TT Club’s management in various roles since he joined Thomas Miller in 1981. After 10 years as Director of Underwriting, he was appointed as the Club’s first Chief Executive in 1999. He has served on the Board of the Club’s UK subsidiary company since June 2004.

He takes on his new role at “an exciting time in the development of Thomas Miller Investment” following its recent acquisition of a significant portfolio of business from Singer & Friedlander in the Isle of Man.

He explained: "My first priority in my new role will be to ensure that our 300 plus new clients are happy in their new environment. Once we are certain of this, we will be actively seeking further opportunities to grow this business, which is a strategic growth area for the Thomas Miller Group."

Thomas Miller Investment was originally founded to manage the funds of Thomas Miller managed mutual insurance clubs. Today, more than half its funds totaling $3.7 billion, are managed for clients unconnected with the clubs.


Note to Editors:

Thomas Miller
Thomas Miller is a boutique insurance services business managing some of the biggest and most important insurance mutuals in the marine and logistics sector, including the UK P&I Club and the TT Club. It also manages a number of professional indemnity insurance mutuals and other specialist insurance captive and agency businesses. Founded in 1884, Thomas Miller has a long tradition and reputation for service. It employs over 580 people worldwide and has offices on four continents.
www.thomasmiller.com

TT Club
The TT Club is the international transport and logistics industry's leading provider of insurance and related risk management services. Established in 1968, the Club's membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.
www.ttclub.com

For further information please contact:
Ian Lush, Marketing Director, TT Club
Tel: +44 (0)20 7204 2642
E-mail: ian.lush@thomasmiller.com
www.ttclub.com

Media contact:
Peter Owen, ISIS Communications
Tel: +44 (0)1737 248300
E-mail: info@isiscomms.com
www.isiscomms.com

A full archive of all TT Club news releases and photographs is available from the ISIS Communications Press Room at www.isiscomms.com

Through Transport Mutual Insurance Association Limited and TT Club Mutual Insurance Limited, trading as the TT Club. TT Club Mutual Insurance Limited, registered in the UK (Company number: 02657093) is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority. In Hong Kong, TT Club Mutual Insurance Limited is authorised and regulated by the Hong Kong Insurance Authority, in Singapore by the Monetary Authority of Singapore and in Australia by the Australian Prudential Regulation Authority. In the United States, TT Club Mutual Insurance Limited is approved as a surplus lines insurer in all states and is accessible through properly licensed surplus lines brokers. The registered offices are: 90 Fenchurch Street, London, EC3M 4ST.

Through Transport Mutual Insurance Association Limited, registered in Bermuda (Company number: 1750) is authorised and regulated in Bermuda by the Bermuda Monetary Authority and is authorised in the UK by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority.

The UK VAT Identification number for Through Transport Mutual Insurance Association Limited is: GB 564 5244 35 and for TT Club Mutual Insurance Limited is: GB 564 3375 30. The Italian VAT Identification number for TT Club Mutual Ltd is: 03627210101.