O’Roarke and LV management team extend contract until 2016 – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how LV general insurance MD John O’Roarke is targeting an increase in SME and home insurance business having signed up to a new four-year deal at the firm.
The agreement will see the former Churchill MD, and his management team, extend their tenure at the helm of LV's GI operation until 2016.
In other news Standard and Poor's downgrade warning on 15 insurers should have come as "no surprise" according to Eamonn Flannagan, an analyst at Shore Capital, who said that a lot of main European insurance companies already have Italian and Spanish debt on their balance sheets; incoming Giles CEO Brendan McManus has vowed to use his experience of running an underwriting operation alongside a broker business to maximise distribution at his new firm; and an internal document circulated among Swinton employees has stated that the broker needs "to establish the true level of profits" at the firm in the aftermath of the sacking of its executive board.
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