Retiring Macquarie Premium Funding CEO Gary Seymour is returning to broking as CEO of mid-market specialist PSC Insurance Group.

He will take up the new position in August.

Mr Seymour will finish at the premium funder at the end of this week. He elected not to continue at the Macquarie Bank/Steadfast joint venture following its acquisition of Pacific Premium Funding from GE in December.

He was the joint venture’s CEO from its inception five and a half years ago. Prior to that he was MD of Willis Australia for seven years after the global broker bought his mid-market brokerage, Bradstock GIS, in 2001.

Mr Seymour told insuranceNEWS.com.au the opportunity to work with PSC MD Paul Dwyer “just feels right. It’s a growing business and Paul approached me to join his executive team to support their ambitious plans for the future.  

“I’m really excited about taking up a role in an Australian broking business that has a lot of upside both locally and internationally.”

Melbourne-based PSC began business in 2006 with five staff. It now employs more than 300 people, with 20 offices throughout Australia, New Zealand, the UK and Hong Kong.