Property insurance broker Barbon Insurance Group has appointed Mike Ramsey as its new chief executive officer.

The hire will take effect from 6 June 2012 and is subject to FSA approval.

He replaces Martin Oliver who has been CEO of Barbon since 2008.

Ramsay has held CEO and senior executive roles with Cigna, American Express, Aegon and AXA.

Tim Redburn, Barbon’s chairman, said: “We are delighted to welcome someone of Mike’s calibre to Barbon. His exceptional background in the insurance and financial services sectors where he has led and grown a number of high profile businesses will be a major asset to the Group. We wish him every success in his new role.”