KPMG has appointed its former head of Solvency II, Phil Smart, to the new role of UK head of insurance.
As head of Solvency II for KPMG, Smart assisted the firms clients with all aspects of implementing the new regime.
Smart joined KPMG in 1991, and has been a partner for the past 10 years. During his duration at the firm he has been client lead partner for a range of international and financial services groups.
Commenting on his appointment, Smart said: “The insurance industry continues to face a range of challenges, including increased regulation, capital constraints and operational inefficiencies, all in the context of high levels of market competition. I look forward to building on KPMG’s existing strong track record of delivery and industry expertise in assisting clients in dealing with these issues.”
Bill Michael, EMA head of financial services at KPMG, said: “Smart brings energy, enthusiasm and tremendous market profile to the role. After a number of recent successes in the marketplace, he is perfectly positioned to further develop our insurance practice.”
