REG - Ondo InsurTech PLC - Directorate Change

Ondo InsurTechAnnouncement

04/08/2025 07:00

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RNS Number : 7295T  Ondo InsurTech PLC  04 August 2025

4 August 2025

Ondo InsurTech Plc

("Ondo" or the "Company")

 

 

Board Changes

 

 

Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims prevention
technology for home insurers, is pleased to announce the appointment of James
Quin and Greig Paterson to the Board of Directors of the Company. James Quin
will serve as Senior Independent Director of the Company and as Chair of the
Audit and Risk Committee, with effect from 1 August 2025. Greig Paterson will
serve as Non-Executive Director of the Company, with effect from 1 August
2025.

 

The Company also announces the resignation of Andy Morrison as Non-Executive
Director of the Company with effect from 31 July 2025. Andy was a director of
the Company at the time of the reverse takeover of LeakBot Limited in 2021.
Andy owns 3,750,000 Ondo shares, representing 2.7% of the Company's issued
share capital. Andy also holds 200,000 warrants which are to be exercised on
or before 22 May 2026.

 

James Quin is an accomplished C-suite executive with over 30 years' experience
in the insurance sector, including financial management, strategy, regulation,
and investor relations. He has held senior executive positions at Saga,
Zurich, and Citigroup, and brings a broad range of leadership experience
across the industry. James currently serves as Non-Executive Director and
Audit Committee Chair at Policy Expert and Thomas Miller Holdings, two
privately held companies operating in the insurance sector.

 

James is a Fellow of the Institute of Chartered Accountants in England and
Wales and began his career in the insurance division of PricewaterhouseCoopers
in 1990. He then moved into equity research with several investment banks
including Lehman Brothers, HSBC, and Citigroup, where he held the role of
Managing Director and Head of European Insurance Equity Research. From
2013-2018, James held various roles with Zurich Insurance Group, and from
2019-2024 he was Group CFO and an Executive Director of London listed Saga
Plc.

 

Greig Paterson is a Fellow of the Faculty of Actuaries and Chartered Financial
Analyst, who brings 30 years of experience in financial services, with deep
expertise in insurance, capital markets, and strategic advisory. He currently
advises Nordic Capital on sector strategy, financial modelling, and due
diligence in financial services, including fintech. From 2024 to 2025, he
worked independently, providing strategic and M&A advice to several large
private equity firms. He is also a member of the IFRS and ISSB Advisory
Councils.

 

Previously, Greig spent nearly two decades at Keefe, Bruyette & Woods
(KBW), where he was a Managing Director of European Research. A founding
member of KBW's London office, he led coverage of UK and Asian life and
non-life insurers and was a highly-ranked analyst in external surveys. He
played a key role as syndicate member analyst in several major IPOs including
Direct Line, Hastings Insurance, AIA, Just Retirement, Partnership Assurance,
and PensionBee, and so was instrumental in developing KBW's primary capital
markets offering in Europe. Earlier in his career, he held analyst and
actuarial roles at Fox-Pitt Kelton, UBS, and Norwich Life South Africa.

 

Mark Wood, Chairman, commented :

 

On behalf of the Board, I would like to extend our gratitude to Andy for his
personal commitment, invaluable expertise, and clear emphasis on excellence.
Andy's guidance and steadfast support have been instrumental in driving Ondo's
strong growth over the past three years since the RTO and we wish him
continued success in all his future endeavours.

 

I am pleased to welcome James Quin and Greig Paterson to the Board as
Independent Non-Executive Directors. James brings a wealth of financial and
regulatory expertise from senior leadership roles across the insurance sector,
including his recent position as Group CFO of Saga Plc. Greig offers deep
insight into capital markets, sector strategy, and investor engagement, having
spent over two decades as a highly ranked insurance analyst. Their
appointments strengthen the Board's financial and strategic capabilities and
underline our commitment to strong governance as we execute our growth
strategy and continue to build long-term shareholder value.

 

 

There are no further regulatory disclosures with regards to the appointment of
James Quin or Greig Paterson to the Board which require disclosure under
Listing Rule 6.4.8.

 

 

For further information, please visit (http://www.ondoplc.com) www.ondoplc.com
(http://www.ondoplc.com)   or contact the following:

 

 Ondo InsurTech Plc                 Craig Foster, CEO       +44 (0) 800 783 9866

                                    Kevin Withington, CFO
 Dowgate Capital Ltd                Russell Cook            +44 (0) 20 3903 7715

 (Broker & Financial Advisor)       Charlie Hall

                                    Amber Higgs
 Cassiopeia Services Ltd            Stefania Barbaglio      +44 (0) 7949 690338

 (PR & Investor Relations)

 

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