Troubled reinsurance broker Bradstock is set to appoint a new chief executive after deepening losses in the first half of the year.
Current chief executive and chairman Nick Bryce-Smith said a new chief executive would be appointed "fairly imminently" and it would be "a name that's well known in the market".
The group was plunged into difficulties when it found a £14m deficit in its pension scheme in 2001, when it also had a £6.2m shareholders' funds deficit.
The group lost £544,000 before tax in the six months to 31 March, against £534,000 in the same period last year.
Turnover rose slightly to £1.3m from £1.2m. Loss per share improved marginally to 19.4p from 20p and no dividend will be paid.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
