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Junction Appoints New Managing Director

Peter Thompson joining Junction as managing director from January 2008

Immediate release: 04 September 2007

Peter ThompsonThe BGL Group has today announced that it has appointed Peter Thompson as managing director of its highly successful affinity outsourcing business, Junction. Peter will join the Group in January 2008. Junction has ambitious targets, aiming to reach £1 billion GWP and three million policies by 2010.

Matthew Donaldson, Group Director, BGL Group, commented: "Junction has played a significant role in the BGL Group's success over the last few years and we were looking for a candidate of the highest calibre. Peter Thompson is a highly motivated professional and has a proven track record of delivering results in a number of challenging roles. I have no doubt he will prove to be a strong leader well equipped to realize the ambition that we have for Junction."

Peter joined HBOS in 2003 as Head of Commercial Insurance and became Managing Director of Partnerships in 2005, responsible for the profitable growth of multi product joint ventures and all intermediated insurance distribution through a range of partners and clients. Prior to that he was with Royal & Sun Alliance where he was responsible for non motor personal lines corporate partnerships.

Peter Thompson says: "I am delighted to be taking Junction into its next phase. It has a phenomenally strong infrastructure and benefits from being part of the wider BGL Group which is going from strength to strength. Judging by our pipeline, the role promises to be extremely exciting."