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Werth to step down at Ageas

Ageas Protect managing director Martin Werth is stepping down from the role at the end of the year.

Operations director Darren Spriggs will become acting managing director from January 1. Ageas Protect has started looking for a permanent replacement.

Werth, who is leaving the insurer after five years to pursue fresh challenges, oversaw the launch of Ageas Protect to IFAs and helped the insurer achieve its current 8 per cent share of the IFA market.

He says: “It has been an exhausting and exhilarating five years. The business is in really good shape and there is a fantastic team in place to take it on to the next stage.”

Ageas UK chief executive Barry Smith says: “We are sorry that Martin is moving on and would like to thank him for his significant contribution in helping establish Ageas Protect as a presence in the market.”

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