Profiles
24. OVAL
8-10 SOUTH PARADE
WAKEFIELD
WEST YORKSHIRE WF1 1LR
TEL: 01924 371 991
FAX: 01924 290 102
EMAIL: ENQUIRIES@OVALINSURANCE.COM
WEBSITE: WWW.OVALINSURANCE.COM + WWW.OVALINSURANCE.COM
FEE AND COMMISSION INCOME (2004): £36m
PRE-TAX PROFIT: £6.5m
CHIEF OFFICER: PHILIP HODSON, CHIEF EXECUTIVE
YEAR ESTABLISHED: 2003
HISTORY
Oval was established at the end of 2003 with the aim of creating one of the UK's foremost national broking groups.
The Oval concept is to bring together a growing number of the UK's best regional commercial insurance broking and financial services businesses processes, central support functions and expertise of a national group.
Since formation in October 2003 to year end 31 May 2005 Oval has acquired RP Hodson, Bland Blankart, Beddis & Partners, Halkett Associates and Barfield Associates.
MAJOR SHAREHOLDERS
Caledonia Investments and Phillip Hodson.
MAIN LINES OF BUSINESSES
Corporate general insurance and integrated risk management advice for plcs, large corporate organisations, owner-managed companies, SMEs and private individuals.
Specialist expertise in oil and gas, aviation, latent defect cover for commercial property, environmental impairment solutions, financial risks (including professional indemnity, directors' and officers', pensioner trustee), construction, food and drink.
CHIEF OFFICER BIOGRAPHY
Philip Hodson (53) is also chairman of R P Hodson Holdings. He joined the group in 1977, having formerly worked for Anglo America in South Africa, and has guided it to its current level by overviewing a strategic acquisition policy.
Hodson played cricket for Yorkshire CC and rugby for Western Transvaal and is a member of the MCC main committee.