PRESS RELEASE: OneAdvent appoints market veteran as new head of compliance and risk

OneAdvent, the specialist MGA and broker services platform, has welcomed Richard Palmer as head of compliance & risk, to develop and strengthen the company’s  existing compliance function.

Richard has over forty years’ experience in insurance, beginning his career as a broker before moving to specialise in compliance.  He has spent the past twenty years in a number of senior compliance roles. Most recently he was the compliance manager at Howden Insurance Brokers.  Richard will be responsible for creating a robust compliance programme and designing a policies and procedures toolkit to enhance OneAdvent’s existing compliance and regulatory provision.

OneAdvent specialises in offering innovative new insurance businesses a range of support services to help them get established in the market.  It provides comprehensive compliance support and has an established  governance framework providing all the controls required to help customers operate in accordance with current and future regulation.

Richard Palmer commented:

“The OneAdvent team is committed to helping new businesses find a foothold in the market and grow sustainably, yet profitably. Many simply don’t have the resources to achieve this alone, they bring their ideas, we provide the operational framework to help them.  In an ever-changing regulatory landscape, it’s vital that new businesses have all the support they need to operate. I’m looking forward to using my years of expertise to guide our customers through the process and help them to flourish.”

Tim Quayle, Managing Director at OneAdvent added:

“Our goal is to make it easy for insurance entrepreneurs to bring their vision to life.  We have built a team who have all the knowledge and expertise to support them in making this happen.  Richard has an impressive reputation in the market and will be an excellent addition to the business. I can think of no-one better to deliver the level of robust compliance and risk support that our customers need to grow.”

About OneAdvent

Focused on getting insurance businesses to market – and fast – OneAdvent brings its sector expertise and technical know-how to help forward-thinking insurance businesses around the world. Collaborating with established industry players and entrepreneurial start-ups alike, we help our clients turn innovative ideas into genuine success stories.

We’re committed to challenging the status quo in a traditional, highly-regulated environment. With continued investment in our business and a flexible, hands-on approach, we’re ready to take advantage of the changing face of insurance. Bringing agility and creativity to the market, OneAdvent is the industry’s innovation accelerator.

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