The profiles of the executive team follow below.
Alex Letts
Chief Executive
+44 (0) 20 7400 3500
After graduating from Oxford, Alex spent 15 years working in the international advertising sector. SMI Group which he founded in 1988 went on to become the largest business advertising agency in Europe, specialising in technology clients and pioneering web-based communications. SMI was bought by Groupe Publicis in 1997 where Alex served as Worldwide President and CEO of Publicis Technology.
Alex founded RI3K in May 2000 to build an electronic trading exchange for the insurance sector. In May 2007 a consortium led by Michael Spencer of ICAP and the hedge fund Eton Park took majority control of RI3K. RI3K employs about 70 staff and has a network of more than 270 companies trading on its service.
Alex is married with 4 children and lives in London.
Kelly Fegan
Managing Director
Business Development
+44 (0) 20 7400 3510
Kelly previously worked as Compliance Officer for one of the world's largest broking firms and brings his fifteen years of insurance, broking and management experience to RI3K.
His varied roles have taken him across all sectors of the industry including management responsibility for Claims, Risk Management and Legal Affairs.
In addition to being responsible for all of RI3K's legal matters, Kelly is responsible for all aspects of client services fulfilment.
Robin Merttens
Chief Operating Officer
+44 (0) 20 7400 3511
Robin was one of the original founders of RI3K in May 2000, and since that time, as the company's Chief Operating Officer, he has sat on the Board and Executive Committee.
His responsibility at RI3K is to ensure that all aspects of the company co-ordinate effectively to support the needs of the customers and the market in terms of quality of service and in design and development of RI3K's offering.
Since graduating with a Law Degree from St Catherine's College Cambridge, Robin has spent the majority of his career working in the insurance industry. As Group Solicitor at Lowndes Lambert, he held a key role in the MBO and subsequent IPO, and later worked on the £250m MBO of Heath Lambert. When he left Heath Lambert in May 2000 to help found RI3K, he was Managing Director of Heath Lambert Overseas.
Ian Meadows
Chief Information Officer
+44 (0) 20 7400 3508
Ian studied French and German at the University of Nottingham and is a Masters scholar from the City University Business School, where he specialised in reinsurance e-business strategy. Before joining RI3K, he worked in treaty and facultative underwriting for leading reinsurance companies in London, Paris and Frankfurt, as well as defining special projects relating to e-business within the reinsurance sector.
At RI3K, Ian has concentrated on the strategic development of the Trading Service, working with leading companies in order to define a market infrastructure. He supports the expansion of the RI3K’s global network of cedants, brokers and reinsurers as well as further enhancing RI3K’s understanding of the electronic industry’s requirements.
David Simpson
Finance Director
+44 (0) 20 7400 3501
After qualifying as a Chartered Accountant and a three year spell at Deloitte & Touche, David spent the next 13 years in various financial and administrative positions at Rank Xerox.
David then had a brief spell as UK Financial Controller of a West Coast data storage company before moving into the marketing services arena, and it was here that he piloted technology agency SMI Group through to its sale and subsequent global expansion as its Chief Financial Officer.