All Online only articles – Page 241
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Top 50 Brokers 2011: 11-20
Profiles of brokers ranked 11-20 including interactive branch maps
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Top 50 Brokers 2011: 12th Lockton
Management: Lockton’s chief executive Julian James must have breathed a sigh of relief when he was given the nod from the FSA in May for Lockton International’s new underwriting business. Aside from this deal, unveiled in Insurance Times in September 2010, the privately owned firm rarely puts its head above ...
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Top 50 Brokers 2011: 13th Kwik-Fit
Management: June Lynch was promoted to managing director of Kwik-Fit Insurance Services (KFIS), which includes its broking business, in January, after 11 years with the firm. This came under a reshuffle by new parent Ageas UK, which bought KFIS for £215m a year beforehand. Previous managing director Brendan Devine has ...
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Top 50 Brokers 2011: 14th Oval Group
Management: Speculation is rife that Oval is gaining the attention of acquisition-hungry brokers including Marsh and Gallagher. Philip Hodson, Oval’s chief executive since 2003, is believed to be increasingly open to such a sector-transforming deal. The logic for Hodson is clear: Oval is in the market capitalisation bracket of £200m-£400m ...
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Top 50 Brokers 2011: 15th Capita Insurance Services
Management: At 36, managing director Mark Townsend is one of the youngest principals in the sector. But he’s not having an easy time of it. The broker’s last annual report in November showed that shareholders’ equity almost halved in 2009, when Capita Insurance Services Ltd (CISL) lurched from profit to ...
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Top 50 Brokers 2011: 16th RIAS
Management: Janet Connor, one of the sector’s most prominent female bosses, is to step down as managing director of RIAS to take the helm at MORE TH>N. Following parent company Ageas’s shake-up of its retail management structure at the start of the year, the over-50s insurance broker now sits alongside ...
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Top 50 Brokers 2011: 17th Miller
Management: Despite being having been at Miller since 1982 and becoming chief executive a decade ago, Graham Clarke insists he is not complacent. In an interview at the end of 2010 with Insurance Times, Clarke said he planned to take on the UK’s top four biggest brokers. That sounds ambitious, ...
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Top 50 Brokers 2011: 18th Giles Insurance
Management: Since private equity company Charterhouse backed a management buyout in 2008, the firm under the leadership of chief executive Chris Giles has been highly acquisitive, aiming to jump from medium-sized broker to sector leader. Strategy: Giles shares the dream of an IPO with Hyperion but faces the same questions: ...
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Top 50 Brokers 2011: 19th Hyperion Insurance Group
Management: Hyperion chief executive David Howden has been recruiting senior players from London market broker PYV ahead of a planned flotation in a year’s time. PYV chief executive Neil Pointon and directors Ian Boscoe, Lee Chapman and Robert Bass all joined Howden, Hyperion’s broking subsidiary. Having bought PYV’s legal and ...
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Top 50 Brokers 2011: 20th Jelf
Management: Chief executive Alex Alway’s game plan for the rest of this year involves hiring another 20 account executives and making a series of bolt-on acquisitions. This will follow an established approach for the business, which comprises Jelf Insurance Brokers, Jelf Manson, Jelf Clarke Roxburgh, Jelf Lampier and Jelf Professions. ...
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Top 50 Brokers 2011: 6th Towergate
Management: With Towergate’s larger-than-life founding duo taking a back seat, the consolidator – and perhaps the insurance industry – will never be quite the same. Peter Cullum has stepped down from chairman to non-executive deputy chair, and been replaced by Admiral chairman Alastair Lyons, while Andy Homer is due to ...
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Top 50 Brokers 2011: 3rd Marsh
Management: Having returned to Marsh UK in 2007 to drag the company back into profit, chief executive Martin South has set himself the bold target of transforming the British division into a $1bn (£622m) business with a 20-point margin in three to five years. Yet despite last year’s aggressive acquisition ...
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Top 50 Brokers 2011: 4th Willis
Management: UK chief executive Brendan McManus, in characteristic take-no-prisoners style, joined Aon in the battle for commission at the start of the year. His demand for a 1.5% commission uplift from underwriters in the global property market continues to meet resistance. It’s clear why McManus wants the financial boost: in ...
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Top 50 Brokers 2011: 5th SAGA/Automobile Association
Management: Having led a management buyout at Saga, when Saga and AA merged in 2007 to form Acromas, Andrew Goodsell became chief executive of the combined entity, which comprises AA Insurance and the broker of insurance products to over-50s. The merger came as the two companies were acquired in a ...
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Top 50 Brokers 2011: 7th BGL Group
Management: As part of chief executive Peter Winslow’s restructure of the multi-brand group in July, Kal Atwal and Martin Overton joined the main board. Paul Galligan, previously director for BGL bike insurer Bennetts, replaces Atwal as boss of the meercat-marketed Comparethemarket. She will now run Bennetts and Courtanet, the French ...
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Top 50 Brokers 2011: 8th Swinton Group
Management: In contrast to his relatively low profile, Swinton’s chief executive Peter Halpin has been making waves this year. In June we revealed that the broker was in talks to buy Brunsdon Westinsure. Swinton’s French parent, Covea, which also owns MMA Insurance, spent £70m on motor insurer Provident in April ...
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Top 50 Brokers: Arthur J Gallagher
Management: Dynamic international chief executive David Ross is on a mission to make the UK operation of US giant Gallagher a major force in British broking. He’s well on the way – the £97m acquisition in May of Heath Lambert has parachuted the company into this year’s top 10.The board ...
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Online onlyFrançois-Xavier Boisseau and Laurent Matras, Groupama
In their first ever joint interview, the Groupama top two talk first-half results, misery in the commercial market, and being honest with your shareholders
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