Xenia Broking Group has announced Steven Stennett as its new chief executive officer. Stennett brings over 25 years’ experience in the trade credit insurance sector, holding leadership roles in business development and account management at country and international levels.

He started his career with Atradius, followed by Coface where he led commercial teams across the UK and Western Europe. Most recently, he was commercial director at Allianz Trade UK and Ireland and led the commercial distribution, marketing and commercial underwriting teams to deliver profitable growth.

Stennett succeeds Tim Coles, who has been appointed to a key group leadership position as CEO for the international operations of Bridge Specialty Group, the wholesale brokerage segment of Xenia’s parent company Brown & Brown. Coles will remain with Xenia as chairman, with current chairman, Jeremy Adams, stepping back from the business.