O’Roarke and LV management team extend contract until 2016 – Insurance News Now
Author: Tracey Jones
Source:
Post |
14 Dec 2011 | 
Categories: Insurer | Broker | Personal | Commercial | Claims | Regulation | Lloyd's/London | Reinsurance
Tags: Insurance news now | Post watch | John o’roarke | Lv | Sme | S&p | Ratings | Europe | Italy | Spain | Swinton
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.
Keep up to date with all the latest insurance news as it breaks at postonline.co.uk.
Tags: Insurance news now | Post watch | John o’roarke | Lv | Sme | S&p | Ratings | Europe | Italy | Spain | Swinton
Updating your subscription status 
Events
2012 insurance industry report: The inside track to achieving a more sustainable business
To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.
Work equipment risks in the UK
The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.
Crawford to cull staff and six managers in three divisions
Post |
22 May 2012 
British Insurance Awards 2012 finalists to be revealed
Post | 22 May 2012
Eqecat puts €100m price on Italy quake
Post |
22 May 2012
Zurich promotes two in global GI business
Post |
22 May 2012
Recent comments