Atlas Group appoints new chairman

Atlas Insurance PCC Ltd and its holding company, Atlas Holdings Ltd, has appointed Richard Clough to succeed Walter Camilleri, who is relinquishing the group chairmanship after 12 years.

Mr Camilleri will retain his seat on the board of directors.

Mr Clough has been a director of Atlas Insurance since the company obtained a licence to operate as a general business insurer in 2004. He brings to the group wide-ranging experience in the finance and strategy fields and, following his admittance as a Fellow of the Institute of Chartered Accountants, held various executive positions in the UK, including that of chief executive of Care UK Plc, the listed healthcare provider.

He is deputy chairman of Care Malta plc, H2O Divers Ltd and Lifeways Community Care, a UK care provider for people with a learning disability. He is also CEO of Healthcare Homes Holdings Ltd, his own elderly care provider in the UK.

Mr Clough told the board meeting at which he was appointed chairman: "Walter Camilleri's unstinting drive to reach the critical mass required for the organisation to convert to a local insurance company and his constant striving for new goals has led the organisation to where it is today: an integrated financial services group which offers general insurance as a local principal, health insurance, insurance management services, investment services and protected cell facilities."