Wednesday, 4 June 2008
Reliance Mutual Insurance Society Limited (Reliance Mutual) has appointed
Seamus Creedon as its new chairman.
Creedon joined the Reliance Mutual board as a non-executive director in March
this year and he succeeds Paul Oldham, who retires from the board having
served 15 years as a non-executive director and 7 years as chairman.
Commenting on his appointment Seamus Creedon said, “Under Paul Oldham’s
stewardship, Reliance Mutual has made tremendous progress and has moved with
the times in what has been a very fast changing marketplace, especially over
the last 5 years where the business has grown with assets increasing to £1.7
billion from £491 million. Paul has always served our members
best interests and he leaves their business in a very strong financial position
going forward.
“In helping Reliance Mutual take advantage of future opportunities and face
future challenges, I look forward to working closely with chief executive
Mark Goodale, his management team and our other independent non-executive
directors who all have a wealth of experience. We are committed to
achieving solid performance to the benefit of all our members at Reliance
Mutual.”
An actuary and management consultant, Creedon was until recently a partner
at KPMG, where he led the
Prior to his time at KPMG, he had been Chief Executive of Bank of Ireland's
Life Assurance business, and Head of Corporate Development across
He has a high profile in professional circles as well, being a member of
the Council of the