Academy Insurance Services has appointed Nick Mountfield (pictured) as interim managing director, adding to his existing role as group chief operating officer. He has taken on the post due to the retirement of Richard Beavan, who stepped down for health reasons. Academy said it would appoint a new managing director in due course.

Martin Tyler, group CEO of Academy, said: “I will be eternally grateful for all that Richard brought to the group. He was one of the founders after Academy took its current form following an MBO in 2023, with a significant investment by private equity investor Blixt.

“Richard is a well-known and much respected figure in the UK insurance industry and we wish him and his family the best for the future.”