'We've stopped the rot', says Oval CEO Blanc ahead of results
Oval Insurance Brokers will report a 6% boost in gross sales and a "headline profitability" of £15m when it publishes its results for the year ending May 2012 later this week.
Earnings before interest, tax, depreciation and amortisation was up by £0.6m on last year, rising to £15m. Gross sales were up by £5.5m (6%) to £101.8m year on year, and Oval paid off £6.1m of debt
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
Big Interview: Ryan Brown, PIB Group
Ryan Brown, deputy CEO of PIB Group, talks to Insurance Post regarding the collapsed Gallagher sale, the firm’s more ‘cautious’ M&A strategy, and where it's investing for growth.
Jensten creates two executive roles amid restructure
Jensten Group has added two new roles to its executive leadership team as part of a restructure of the business into two trading divisions: broking, and product and distribution.
Tysers Live CEO Chapman steps down
Tysers has announced that Paul Chapman is stepping down from his post as chief executive of Tysers Live to pursue personal interests.
Markerstudy’s Beal outlines two paths for ChatGPT in insurance
Andrew Beal, director of architecture and innovation at Markerstudy, predicts two ways in which ChatGPT could transform insurance distribution, and urges the industry to be prepared for both.
Everywhen’s Rob Worrell to retire
Rob Worrell, CEO of Everywhen, is planning to retire at the end of the year, the business has confirmed.
Throwback Thursday: Brokers must declare links
Insurance Post’s Throwback Thursday steps back in time to April 1976 to remind you what was going on this week in insurance history when rules required brokers to declare their links to insurers.
Clear Group acquires south coast broker Pangea
The Clear Group has acquired Pangea Insurance Brokers and Pangea Life to expands its presence on the South Coast.
Marsh’s Lay resurfaces at Ardonagh
The Ardonagh Group has appointed former Marsh UK CEO Chris Lay as operating partner.