PSC Insurance Group CEO Gary Seymour is stepping down from the role and taking a break from work.

The former Willis Australia MD and Maquarie Premium Funding CEO told insuranceNEWS.com.au he will take at least six months off to “give myself time to think about what I want to do next”.

His decision to leave PSC after 13 months came when he decided “I could not personally commit to the long-term ambitions that the group requires”.

Having moved on to previous new roles without significant breaks between them, Mr Seymour says it’s time to spend some quality time with his family. “The CEO and MD roles I’ve worked in have been all-consuming, and it’s time for a break.” 

“PSC is a fabulous company, and it was a privilege to work with such a great group of people. [The group] has a fantastic future ahead.” 

MD Paul Dwyer says he was “disappointed when Gary advised us of his intention to stand aside. Gary’s experience and passion for the business has been a great asset for PSC.”

PSC expects to earn gross written premium of more than $600 million over the next year. It has more than 20 offices in Australia, New Zealand, the UK and Hong Kong. The group says its also has a “significant” investment portfolio.