South west insurer Cornish Mutual has announced Peter Beaumont as its new managing director.

Peter has been the company’s Finance and Operations Director for more than a decade.

Subject to regulatory approval, he will take over the role from Alan Goddard, who is due to retire after 15 years as managing director.

Peter said: “Over the last ten years, I have had the privilege of working alongside Alan and the whole Cornish Mutual team to make the company what it is today.

"As managing director, I am delighted to now have the opportunity to build on our strengths and ensure we continue to evolve and adapt, including through the use of new technology, to meet the changing needs and expectations of our members.

“There are challenges ahead for the insurance industry and for our members in the agricultural sector. The strength and commitment of our fantastic people here at Cornish Mutual gives me every confidence that we are extremely well placed to meet these challenges and ensure we continue to offer a distinctive and high quality service to all our members across the south west.”

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Since joining Cornish Mutual in 2001 and becoming managing director in 2004, Alan has led the company through a period of growth. This has included increasing members’ funds from £8million to in excess of £21million.

Alan said: “I have thoroughly enjoyed my time as managing director of Cornish Mutual. We have embraced new technologies and adapted to regulatory changes and new opportunities. Crucially, we have broadened our offer to meet the needs of our changing membership base, which now includes many exciting rural businesses alongside more traditional farms.

“Despite these significant developments, we have remained true to our roots in the agricultural sector and our mutual values of fairness, honesty and transparency.

“Reflecting on 15 years at the helm, I’m proud of our achievements and pleased to be passing the reins on to Peter, whose experience with Cornish Mutual makes him ideally placed to drive the company forward while retaining its unique values and approach.”

Cornish Mutual chairman Ian Pawley said: “I would like to congratulate Peter on his appointment and would also like to thank Alan for his service and commitment to Cornish Mutual over the last 15 years."

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