The Exeter has announced that Peter Hubbard is joining its board as a non-executive director and will be appointed chair subject to final regulatory approval being received.

Hubbard (pictured) is currently chair of the Dudley Building Society and has previously served as chair of both Co-op Insurance and BeWiser. He has held senior positions as group chief executive for the UK General Group of Businesses, chief executive of AXA Insurance and managing director of e-commerce at Lloyd’s Banking Group.

His planned appointment as chair follows the announcement in March of Wallace Dobbin’s retirement, following 17 years at the insurer.

Hubbard said: “I’m delighted to be joining The Exeter at such an important time for existing and potential members, a time when economic circumstances make the business even more relevant.

“I am a huge supporter of mutuality in the UK market and am really looking forward to working with everyone to help take the business to the next level.”

Isobel Langton, CEO at the Exeter, added: “Peter has had a long and distinguished career in the insurance and financial services sectors, and I am excited to welcome him to The Exeter.

“His knowledge will be invaluable in the coming years as we grow our business and continue to meet the needs of advisers and members.”