- Michael John Wade
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Michael Wade 
Born 22 May 1954 Residence London, England Michael John Wade, born May 22, 1954 is a British executive with extensive experience in listed PLC organisations, most notably at Lloyd’s of London Lloyd's of London. Throughout his career Wade has worked within the Lloyd’s insurance market where he has been Chairman or CEO of many firms as well as creating a number of programmes through various types of pro bono work. Wade currently holds the title of Chairman of Besso Insurance Group Ltd,[1] a position he has held since 2011.
Prior to his position with Besso, Wade was the Chairman of Optex Group Ltd from 2006 [2] before it became acquired by Besso in 2011. Wade also spent several years as the non-executive Chairman Lloyd’s broker Bowood Holdings prior to an October 2008 trade sale.
In his early career, Wade partnered with John Holman & Sons in 1980 to form Holman Wade Ltd specialising in reinsurance. This firm became merged into Horace Clarkson in 1984 and then floated on the London Stock Exchange in 1986 as Horace Clarkson plc.[3]
He resigned from Clarksons with Sir Peter Parker in 1993 to work on forming the CLM Insurance Fund plc which was one of the first ‘corporate capital’ vehicles at Lloyd’s which Wade had pioneered during the Lloyd’s crisis leading up to 1992.[4]
During his time with CLM, Wade was Chief Executive Officer before merging the group with a rival firm in 1999 and then he chose to step down and focus on the Rostrum Group Ltd.in 2000. Wade worked with Lord Hodgson in creating the investment management firm known as the Rostrum Partnerships which invested in specialist Lloyd’s underwriting companies on behalf of major UK pension funds on a five year contract to 2005.
References
Categories:- 1954 births
- Living people
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