Kevin Paterson will be joining Source Insurance as its managing director in early April.

Paterson (pictured) will take up the role after completing his notice period with Assurant Intermediary. He is currently on gardening leave.

The Source is an online comparative quotation system that enables intermediaries to quote, compare and sell a range of General Insurance policies. It offers guaranteed quotes on Buildings and Contents, Buy-to-Let Insurance and MPPI, from a panel of UK insurers.

“I am really excited about the opportunity to join The Source, and what I believe to be one of the industry’s best kept secrets and I am looking forward to taking the business out to those brokers who have yet to discover The Source,” said Paterson.

“I used to jokingly say that if The Source ever woke up to their potential we [at Assurant Intermediary] would be in trouble, but never thought I would be given the opportunity to do that.”

Source founder and chairman, Andrew Masters, added: “It was clear from the outset that Kevin’s perspective on the intermediary channel would make him a great fit with Source Insurance, he shares our passion for support and service for our brokers and I have no doubt he will be a great addition to our team of talented people.

We have a number of exciting developments this year and I am looking forward to working with Kevin to deliver these.”