Advent International has appointed insurance industry veteran Mark Wood as an operating partner.

Wood has served as chief executive of Prudential UK and Axa UK, where he oversaw the integration of five smaller entities, making Axa one of the UK’s largest insurers.

He also founded annuities buyer Paternoster, now part of Goldman Sachs.

Wood currently holds a number of board positions at private equity-backed businesses including insurance broker MyPolicy, acquired by Inflexion Private Equity earlier this year.

He began his career at PwC, and also worked at Barclays and Commercial Union, now part of Aviva.

At Advent, Wood will identify and assess investment opportunities in the insurance and broader financial services sector.