All Online only articles – Page 241
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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 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: 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: 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: 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: 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: 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: 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: 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: 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: 11th Bluefin
Management: Stuart Reid, chief executive of the AXA-owned distribution business, has set a goal of £1bn gross written premium by 2012. Although Bluefin Insurance Services has been knocked out of the top 10, down from ninth last year, this appears to be a reflection of rivals’ growth rather than any ...
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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: 10th Cooper Gay
Management: Shaun Hooper was named chief executive in June, having been interim head since December 2010. He must battle the effects on the firm of the continuing soft market and economic downturn – which could include an IPO next year. This follows Jim Summers, Cooper Gay & Co’s previous boss, ...
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Top 50 Brokers 2011: 1-10
Profiles of the top 10 brokers including interactive branch maps
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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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