Andy Chapman, chief executive at health and protection insurer, the Exeter, is to retire after 40 years working within the insurance industry and will be stepping down at the end of 2020.

Chapman (pictured) became chief executive following the merger of Pioneer and Exeter Friendly societies in 2008.

Under his leadership, the Exeter has continued to grow in both the health insurance and income protection markets, as well as enter the life insurance market in 2018 with Real Life; life cover for those who have suffered from serious or multiple health conditions.

The process to find Chapman’s replacement is now underway.

Chapman said: “It has been an honour to lead The Exeter over the last 12 years. I am very proud of our people and their passion for creating a member-focused organisation. We have a strong senior leadership team and board of directors who are driving the business in the right direction, so I feel now is a good time to retire and I look forward to seeing the Exeter continue its success.”

Wallace Dobbin, chairman at the Exeter, added: “Andy has made an outstanding contribution to the success of the Exeter. Through his determined, committed leadership we have gone from strength to strength and he leaves it with a clear plan for the future, a highly engaged and committed team and secure foundations for its continued development.

“He has made an indelible mark on this business and on behalf of the board I want to thank him for everything he has done for this great organisation.”