Oval Insurance Brokers
Brokers will use downgraded insurers, but only if clients make the request
Brokers have admitted they will continue to work with downgraded insurers at clients’ requests, despite rating agency Fitch conceding there is no end in sight to potential downgrades linked to the Eurozone crisis.
Ex-Oval sales director joins Aon
Oval's former general insurance sales director, Matthew Alcott, has joined Aon Risk Solutions as sales and marketing director for its UK business.
Zurich, CNA and Liberty International join NCC cyber group
Information assurance firm NCC Group has launched a forum to work towards establishing a minimum security standard for the uptake of cyber insurance.
Private equity: a new wave of investment
A new wave of private equity investment is entering the insurance market on the back of tougher bank lending terms. But is it here to stay?
QBE move for Brit secures broker backing as deal doubles regional GWP
Acquiring Brit UK's renewal rights is Australian insurer QBE's biggest UK deal in more than 10 years, and signifies its commitment to becoming a major player in the regional broker market insuring SMEs.
Broking bosses widely supportive of QBE swoop for Brit
New Oval chief executive Peter Blanc has expressed his “delight” after hearing the news that Brit’s UK regional business has been snapped up by QBE, rather than falling into the hands of a domestic rival.
Oval and Giles management changes sign of wider consolidator shake-up
The change at the top at Oval has been a "long time coming", it was claimed this week, during a 24-hour period that saw another shake-up at rival consolidator Giles result in managing director Sarah Lyons being placed "on leave" amid "contractual issues".
Post magazine – 22 March 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Oval boss Blanc dismisses Gallagher bid speculation
Incoming Oval chief executive Peter Blanc has poured cold water on rumours that his firm would be receptive to a possible buy-out approach from Gallagher Heath.
Oval shake up sees Blanc take CEO role from Hodson while Herdman leaves
Broker consolidator Oval has confirmed that Peter Blanc will take over from Phillip Hodson as group chief executive.
Wentworth Alexander employee 'under surveillance' after leaving Bluefin
Axa-owned broker Bluefin has admitted it would use private detectives to spy on former staff it suspects of breaking restrictive covenants.
Interview: Opportunity knocks for Capita's Brent Escott
Having set up, run and sold insurance businesses, Brent Escott is now embarking on a new challenge at the outsourcing giant.
Ex-Oval boss's broking network builds momentum with Scottish signing
The Momentum broker network has completed the signing of its first Scottish firm to sit alongside current members in England, Wales and Northern Ireland.
Editor's comment: Speculation turns into action
The chatter around ‘Tesco Law’, alternative business structures and law firm consolidation appears to be getting louder each week as another eye-opening deal is unveiled to the media.
Broking - Mergers & acquisitions: Do not disturb
2011 was a relatively sleepy year for merger & acquisition activity in the broker sector. Could 2012 be a wake-up call or will the market stay snoozing?
Oval underwriting chief joins fellow ex-employees at BLG
Independent broker Building Land Guarantees has appointed former Oval latent defects underwriting boss Jon Cox as associate director.
Lorica boosts 'ambitious plans' with hires
Lorica Insurance Brokers has made a host of UK appointments.
Market moves: Ageas and Axa name new MDs
With insurance companies gearing up for the festive holidays, it was a surprisingly busy week in recruitment.
Oval declares 'business as usual' following Moyes departure
Oval executive director of operations Jeff Herdman has told Post it is “business as usual” following the resignation of former corporate business managing director Terry Moyes.
Terry Moyes quits Oval to go it alone
Terry Moyes, managing director of Oval's corporate business, has resigned from the Oval Group to set-up a multi-niche general insurance broker focusing on commercial, aviation and high net worth.
Oxygen to sell off remaining assets
Market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings.
"Leaner and meaner" Oval to focus on wiping debt
Oval is aiming to wipe its net debt by 2014 but it is not ruling out making new hires and “selective acquisitions” in the meantime.
Oval appoints Ian Story as finance director
Oval has today announced the latest in a spate of boardroom appointments, with the news that former Bluefin chief financial officer Ian Story will be stepping up as permanent finance director.
Oval restructuring continues apace
Widescale restructuring at Oval appears to be gathering momentum, following a spate of high-profile boardroom changes at the broking firm.