Giles chief executive Brendan McManus says ‘Oval is a great business’
Giles chief executive Brendan McManus has refused to rule out a consolidation of the consolidators.
Speaking in an interview in this week’s Insurance Times, when asked about a merger between the consolidators, he said a deal between the consolidators was ‘absolutely possible’ in the next 12-24 months.
“I think Oval is a great business and Philip Hodson is one of my favourite people. I love spending time with him,” McManus said.
“I think it’s absolutely possible that in the next 12-24 months, the consolidators will consolidate, but our plan is not predicated on that and we are not sat here twiddling our thumbs without that happening.”
Read more of Brendan McManus’s interview with Insurance Times on www.insurancetimes.co.uk tomorrow (Tuesday).
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