Insurance income rises and Carnegie-Brown joins board
Moneysupermarket.com announced this morning that its insurance revenues were up approximately 10% on the same period last year, with growth in motor, home, travel and life insurance.
Visitor numbers were flat on last year, but identified an improving trend through the quarter after the slow start to the year.
The company also announced that former Marsh CEO Bruce Carnegie-Brown was joining as an independent non-executive director.
Carnegie-Brown, 50, has been a non-executive director of Close Brothers since June 2006 where he is the senior independent director and chairs its Remuneration Committee.
Between January 2007 and June 2009, he was managing partner of 3i Quoted Private Equity and a member of the 3i Group's executive committee and between February 2008 and June 2009 he was a non-executive director of Jelf.
Between June 2003 and June 2006, he was chief executive officer of Marsh and head of Marsh's European operations. Prior to that, he spent 18 years at JP Morgan in a variety of roles including chairman of JP Morgan Securities Asia and head of debt capital markets in Europe and Asia.
Gerald Corbett, chairman of Moneysupermarket.com, said: "We are delighted that Bruce has agreed to join the board as a non-executive director. With his strategic skills and his experience of the financial services sector, he will be a valuable addition to the board."