For four-and-a-half years, ending in December, Drummond had been global partnerships director at FPI, a role which kept him constantly travelling to the insurance company’s numerous foreign outposts, including Singapore, Hong Kong, Dubai and South America.
At Omnilife, Drummond will be based in the City of London, but will have a global remit at the company, which is a division of Medgulf, founded 33 years ago in Lebanon. It now claims to be one of the Gulf’s largest insurance groups, according to its website.
Omnilife is a specialist insurer which focuses primarily on the corporate group risk market, providing such products as group life insurance, group critical illness cover and similar products. Its clients for these include intermediaries with corporate clients and employee benefits consultants.
Prior to joining FPI, Drummond had been general manager of Muscat Life Assurance, based in Muscat, Oman, for five years, and before that worked for a number of other companies in the insurance sector.
It was not immediately known if Drummond is being replaced at FPI, and if so, by whom.
The company has seen a number of its top executives leave over the past 16 months, beginning in August, 2011, with Rocco Sepe, FPI managing director, who was succeeded by John Van Der Wielen.
Shortly after arriving, Van Der Wielen launched a strategic review of the company that was seen as contributing to a subsequent exodus of staff. Among those who left in subsequent months were Hong Kong sales director Trevor Smith, who left in January 2012; he was followed out the door a few months later by international sales director Bob Pain and FPI managing director Paul Tunnicliffe.
