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Corporate Adviser - Ellipse names new CEO as Ritchie steps down

Group risk insurer Ellipse is appointing Lee Lovett as its new CEO, succeeding John Ritchie, who will leave the business on September 14.

Ritchie has led the business since its launch to the UK market in 2009 to its position today as an established insurer in the sector.

Lovett, who is currently head of business development at Munich Re, the company that owns Ellipse, has been appointed by Andy Batley, head of UK & Ireland Life at Munich Re. Lovett has been with Munich Re for eight years. He is chairman of group risk industry body Grid.

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