Paterson had been with the UK subsidiary of the US insurance giant for four years and two months before he handed in his notice, with sources suggesting he’s going to take over the running of a top GI rival.
Staff were finally told of his resignation on Tuesday last week, followed by key suppliers – when news then leaked out to the press.
A statement from the company said on Friday last week: “We can confirm that Kevin Paterson has resigned from his role as sales and marketing director at Assurant Intermediary.
“Interim arrangements have been put into place with immediate effect while we recruit his successor.
“We have a strong and highly skilled sales team based around the country supported by our client management team in York, all of whom are committed to providing the outstanding level of support and service that our intermediary partners have come to expect of Assurant Intermediary.
“We continue to focus on developing competitive and innovative products and services for UK intermediaries, and are committed to this business. This business plays a tremendously important role in delivering our distribution strategy in the UK.”
Paterson, a former Royal Marine, has had an extensive career in financial services dating back more than 30 years to 1983 when he joined Crown Life as a financial adviser.
Other positions have included a regional manager for Lincoln Financial; managing director of Flower Independent; sales director at Park Row Group; group marketing director of Enterprise Group and a business consultant to the Sesame executive board.