Voyager Insurance founder Jonathan Buttery is stepping down as managing director but will remain on the board of directors.

Deputy managing director Carl Carter, who joined the business in 2014, is promoted to managing director.

Buttery, who formed Voyager Insurance in 1996, said: “Carl has been responsible for spearheading our ongoing growth and innovation, as well as product and distribution development activity over the last couple of years.

“As a result of this success and with a view to maintaining this growth and innovation the board decided it was a natural progression to appoint him as managing director.”

Carter added: “Over the last few years we have successfully delivered a range of innovative and market leading new products backed by exceptional service and technology.

“I am looking forward to continuing to build on Voyager Insurance’s strong foundations and brand with the support of our management team, intermediaries, underwriters and our brand partners.”

Carter sits on the executive committee of The Association of Travel Insurance Intermediaries (ATII) having previously been co-founder and long standing chairman of the Association of International Medical Insurance Providers.