26 February 2018 - REG (UK) Ltd, (REG), the award-winning RegTech solution for counter-party risk management, have appointed Paul Tasker to the newly created role of Managing Director with immediate effect.
Tasker joins REG from the eponymous broker and MGA, Tasker Insurance Group, where he was founder and CEO. Following recent investment from Disruptive Capital Finance LLP, Tasker will lead the firm’s planned international expansion, as well as the launch of a new REG service designed to provide greater Delegated Underwriting Authority oversight.
Paul Tasker said of his appointment:
“Having spent 25 years in the insurance industry, I’m well aware of REG’s growing reputation to deliver RegTech solutions that are helping the industry to mitigate against regulatory and financial risk. It is an exciting time to be joining Michael and the team as we grow our global reach and the REG product suite in 2018 . Key to this growth will be our ability to attract and retain the best digital talent globally.”
CEO Michael Phair said:
“I am delighted to welcome Paul to REG. Paul’s extensive experience at all levels of the insurance intermediary market is an invaluable addition to the company, as we focus on building our services to both the insurance and financial services markets.”
Last week, REG announced it had over 3100 UK insurers and intermediaries, or around 75% of all active UK insurance intermediaries, on its platform.
For more information, contact:
Mark Huxley, email@example.com
Alex Wise, firstname.lastname@example.org
Full Circle Communications
Tel: + 44 (0)207 267 7887
REG (UK) Ltd is an on-line due diligence and regulatory compliance platform for Counter-party Risk Management in the UK Insurance industry. It is the only real-time solution in the UK market that combines 24/7 alerts for financial, corporate, sanctions and regulatory changes in a broker/coverholder’s information with electronic exchange of Terms of Business Agreements (TOBAs).
REG is an essential tool for accelerating business flows and mitigating regulatory and financial risk. Given the ever-increasing burden of regulation, REG is becoming a "must have” solution for transforming inefficient and costly manual and paper-based processes.
Over 89% of Top 100 Brokers that wholesale, as listed in Insurance Age, are registered on REG’s platform, and 20% are clients using REG to monitor their producing brokers. In addition, over 30% of Lloyd’s Managing Agents are registered members, as well as over 50% of Lloyd’s Brokers and Coverholders
REG is actively developing solutions to address Delegated Authority risk and regulatory requirements and will expand its offering in 2018 to provide international monitoring capabilities in over 60 countries.
REG recently received a £8m capital injection from Edi Truell’s Disruptive Capital Investments fund.