Source Insurance appoints new managing director

Simon Thomas has stepped into the position at Source.

Related topics:  new appointment,  Source Insurance
Lucy Whalen | Editorial Assistant, Protection Reporter
21st October 2026
Simon Thomas Source Insurance
"Our strategy is focused on building the right partnerships and developing the right panels around those needs."
- Simon Thomas - Source Insurance

Source Insurance has announced the appointment of Simon Thomas as managing director, as it aims to strengthen its leadership team.

Simon has over 30 years’ experience in underwriting, broking and senior insurance leadership. Alongside his new role at Source, Simon will continue in the role of managing director of Protect Commercial.

Source says that Simon’s role will involve working closely with the Board to build on the foundations already in place, develop new opportunities and grow relationships across the market.

This will include growing Source’s network of provider partners, updating its home and landlord proposition and exploring new markets.

"I’m joining Source at an important stage in its development, with a real opportunity to help shape the next phase of growth," Simon Thomas said. "We have a strong understanding of advisers and the challenges they face, and that insight will remain central to how we evolve the business.

READ MORE: Defaqto expands Matrix 360 into wealth and protection

"Our strategy is focused on building the right partnerships and developing the right panels around those needs, bringing together the breadth, quality and depth of products and solutions that enable advisers to place more business and deliver the right outcomes for their clients.

"There is significant opportunity across the intermediary market, and I’m looking forward to working closely with our adviser and provider partners to strengthen our proposition and ensure we continue to anticipate and respond to where the market is heading."

Louise Watkins, director of operations and marketing, added: "We’re excited to welcome Simon to the team. We know that Simon’s market experience is going to be invaluable in steering us to achieve our growth objectives and pushing into 2027 with real energy."

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