Damian Ely to be appointed as Chief Executive Officer of Charles Taylor Adjusting in succession to Arthur Clarke 21 July 2015

Charles Taylor is pleased to announce that Damian Ely will be appointed as Chief Executive Officer of Charles Taylor Adjusting (CTA) on 1 January 2016, in succession to Arthur Clarke who will retire from the company on 31 December 2015.

Damian Ely has long experience of working in the international insurance markets. He joined Charles Taylor in 1988 and is currently an Executive Director of Charles Taylor plc and the Group Chief Operating Officer. He originally joined Charles Taylor's Management Services - Americas business and then spent ten years based in the US, latterly as Chief Operating Officer - Americas. Damian will continue as an Executive Director of Charles Taylor where he will represent CTA on Charles Taylor's plc board.

Charles Taylor Adjusting provides loss adjusting services across the aviation, energy, marine, property & casualty and special risks sectors. It also provides marine average adjusting and technical support services. The business specialises in the settlement of larger and more complex losses arising from major insured incidents and claims.

David Marock, Group Chief Executive Officer, Charles Taylor, said:

"I would like to take this opportunity to thank Arthur for his huge contribution to CTA. During his tenure, CTA has grown from a business with turnover of just £18 million to today's global adjusting power house with revenue of £56 million. He has driven the significant expansion of our Adjusting operations which has seen offices opened in every continent and the loss adjusting headcount more than double.

"I am very pleased that Damian will be taking over from Arthur as Chief Executive Officer. CTA represents about half of Charles Taylor in revenues terms, more than that in numbers of people and is absolutely central to the long-term success and growth of the Group. Damian knows the CTA business and senior management team in London and our international offices extremely well. He will offer continuity of leadership as we drive forward our growth strategy with a focus on expanding our top adjuster teams and extending our office network where there is a demand for our services from international (re)insurance markets.

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