KPMG has appointed Phil Smart as UK Head of Insurance.
Phil joined KPMG in 1991, and has been a partner for the past ten years. During this time, Phil has been client lead partner for a number of major international insurance and financial services groups.
In his previous role as Head of Solvency II, Phil led KPMG’s efforts in assisting clients with all aspects of implementing the new regime. Phil’s extensive experience of financial and regulatory reporting in the UK and overseas is reflected in his work leading global audits and transactions, including de-mutualisations, UK and US listings.
Phil said: “the insurance industry continues to face a range of challenges, including increased regulation, capital constraints and operational inefficiencies, all in the context of high levels of market competition. I look forward to building on KPMG’s existing strong track record of delivery and industry expertise in assisting clients in dealing with these issues.”
Bill Michael, EMA Head of Financial Services at KPMG, said; “Phil brings energy, enthusiasm and tremendous market profile to the role. After a number of recent successes in the marketplace, he is perfectly positioned to further develop our Insurance practice.”
For further information please contact:
Bona Boraliu, KPMG Press Office
0207 6941482 or firstname.lastname@example.org
Notes to editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.