NHBC appoints new chief executive

NHBC, the UK’s new home warranty insurance provider, whose ten-year Buildmark warranty covers around 80 per cent of new homes built in the UK, has today announced the appointment of Steve Wood as its new chief executive.

Steve, who takes up the role on 30 June 2017, has over 30 years’ experience within the insurance industry.

Before joining NHBC, Steve was CEO of Paymentshield, a subsidiary of Towergate Insurance, where he grew and developed the business as the UK’s number one distributor of general insurance products to the mortgage intermediary market.

Prior to that he was UK Managing Director at Ecclesiastical Insurance Group, where he spent eight years strengthening its core market positions and broker relationships.

NHBC Chairman, Isabel Hudson said: “We are delighted to have appointed Steve as NHBC’s new Chief Executive. As the UK’s leading new home warranty insurance provider, NHBC has a strong history of working with the house-building industry to help improve the construction of new homes and providing warranty insurance cover for new home buyers. Steve brings considerable experience of consumer markets, distribution channels and stakeholder management, all of which will assist in leading the commercial development of NHBC and setting the business on the right tracks for the future.”

Commenting on his appointment, Steve said: “I am very pleased to be joining NHBC at a time when housing is such a critical issue for the UK. NHBC has a unique role to play and, as Chief Executive, I look forward to building on NHBC’s important work, ensuring that we continue to provide excellent service to our policyholders and our builder customers and continue to make a positive impact on the quality of new homes.”