Hurrell commented: "I have had a wonderful innings at Airmic and am hugely grateful for the support I have received. Airmic has the most exciting business plan ever and fantastic support from its board, members and sponsors, but I feel the time is right for new leadership to take Airmic to the next stage on behalf of its members.
"One of my first decisions as CEO was to introduce a nine-year maximum term for Airmic board members, so I feel it is only right for me to hand over the reins having completed nine years at the helm."
Clive Clarke, Airmic chairman, commented: "We would like to thank John for his outstanding work over the past nine years. Under his leadership, the association has gone from strength to strength. John has done a huge amount to raise the profile and standards of the risk profession, and has also helped to influence the way commercial insurance is conducted in the UK. He leaves Airmic in an excellent position to continue its mission.
"Our focus now is on ensuring a seamless transition. John's replacement will take over at a critical and exciting time for Airmic members. This is a hugely influential role, and we anticipate interest from people of the highest calibre. Our priority will be to ensure a fair, transparent and successful transition."
Hurrell became CEO in January 2008 following a career of almost 30 years in the Marsh and McLennan Group of Companies. During his period in office, Airmic has published several pieces of ground-breaking research, including Roads to Ruin and Roads to Resilience. It has successfully promoted new ways to conduct insurance business, and was instrumental in working with the insurance market to achieve the Insurance Act 2015. It has also been involved in joint projects with several other business organisations, including the IoD, CIMA, Tomorrow's Company and the Chairman's Forum, as well as other insurance bodies.
Hurrell says that he is looking forward to spending more time with family, whilst hopefully remaining engaged in the market in some capacity.
The succession process will be led by Nick Hughes, a long-standing board member and honorary secretary for Airmic. The association has appointed an executive search firm and a small panel consisting of Hughes and the next two chairmen, Paul Goulding and Lynda Lucas, to oversee the process. Find out more information here.
All interested parties should contact Charlie Thompson at Odgers Berndtson email@example.com. Airmic will announce the new appointment in due course.