Charles Taylor Consulting plc today announces that John Rowe has advised the Board that, after 37 years' service with the Company, the last 17 of which were as a Board member, he wishes to retire as CEO and as a member of the Board by the end of 2011.
The Board has accepted this decision and has commenced a formal search process to identify a successor. It is expected that his successor will take up his/her duties during 2011, at which point John Rowe's retirement will take effect.
The Board has asked John Rowe to remain involved as a consultant following the appointment of his successor, which he has agreed to do.
Commenting, Rupert Robson, Chairman, said:
"The whole Board wishes to record its thanks to John Rowe for an exceptional period of service and leadership at the Company. We believe that CTC is well placed to grow on the foundations put in place by him and we are delighted that, following his retirement, he will remain available as a consultant to CTC."
John Rowe has been employed with the company for 37 years and has been Chairman and/or Group CEO since 1993. During that period he successfully steered the organisation to its current listed company status in 1996, during which time revenues have grown from £20m to approximately £100m.
Charles Taylor Consulting is a leading provider of insurance services. We manage mutual insurance companies, advise insurers on complex insurance losses and provide administration and consultancy services to insurers and insureds worldwide. We also own life and non-life insurance companies which are closed to new business. Further information on the group can be found at www.charlestaylorconsulting.com.
Showing posts with label Insurance Consulting. Show all posts
Showing posts with label Insurance Consulting. Show all posts
Thursday, December 23, 2010
Wednesday, November 24, 2010
Brown & Brown, Inc. Announces the Asset Acquisition of Mavum Consulting, LLC and Mavum Risk Management, LLC
J. Scott Penny, Regional President of Brown & Brown, Inc. and Rodney R. Reasen II, owner of Mavum Consulting, LLC and Mavum Risk Management, LLC, each located in Indianapolis, Indiana, today announced that Brown & Brown of Indiana, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Mavum Consulting, LLC and Mavum Risk Management, LLC.
With annualized revenues of approximately $1.3 million, Mavum Consulting and Mavum Risk Management provide insurance products and services to businesses and individuals throughout the greater Indianapolis metropolitan area. Mavum Consulting and Mavum Risk Management's employees will relocate to Brown & Brown of Indiana's existing Indianapolis office, under the leadership of Fred McClaine.
Rod Reasen, the founder and owner of the Mavum companies, will assist in the transition of the acquired operations to Brown & Brown.
Mr. Penny, who is responsible for Brown & Brown's retail operations throughout Indiana, commented, "Our Indianapolis office has grown significantly over the last few years, and we are honored to have Andrew Lockerbie and the other members of Mavum team join our operation and contribute to that growth and success." Mr. Reasen added, "We are excited to be able to bring the resources of Brown & Brown to our clients."
Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade, and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary. The Company's Web address is www.bbinsurance.com.
With annualized revenues of approximately $1.3 million, Mavum Consulting and Mavum Risk Management provide insurance products and services to businesses and individuals throughout the greater Indianapolis metropolitan area. Mavum Consulting and Mavum Risk Management's employees will relocate to Brown & Brown of Indiana's existing Indianapolis office, under the leadership of Fred McClaine.
Rod Reasen, the founder and owner of the Mavum companies, will assist in the transition of the acquired operations to Brown & Brown.
Mr. Penny, who is responsible for Brown & Brown's retail operations throughout Indiana, commented, "Our Indianapolis office has grown significantly over the last few years, and we are honored to have Andrew Lockerbie and the other members of Mavum team join our operation and contribute to that growth and success." Mr. Reasen added, "We are excited to be able to bring the resources of Brown & Brown to our clients."
Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade, and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary. The Company's Web address is www.bbinsurance.com.
Thursday, October 15, 2009
Aon Launches Insurance Consulting Company
Aon Corp. has launched a new company, Inpoint, to advise insurers on how to improve their performance.
The new consulting company will harness Aon's proprietary data to provide advisory and real-time information services to property/casualty insurance companies. The new business also adds a new revenue stream to Aon that is not related to the sale of insurance.
"No other brokerage firm is doing this," said Cynthia Beveridge, one of five managing partners of Inpoint and a former executive vice president of Aon. "It is hopefully game-changing for our industry, not just for the clients we are working for."
Inpoint will advise insurers on market segmentation and growth strategy; sales force effectiveness; pricing and underwriting; claims operations; and cost and operational excellence.
The company is likely to compete with major insurance consulting firms, such as McKinsey & Co., Accenture and Deloitte. Before joining Aon, Greg Case, president and chief executive officer of Aon, was the head of McKinsey's global insurance and financial services practice.
Inpoint will focus on property/casualty companies, Beveridge said. "What makes us different is that we are created from the insurance industry for the insurance industry," she said.
The company began offering its services 20 months ago, and has been well-received in the marketplace, she said.
"Some of our early clients looked at us like we had insight into data that was intriguing, while others felt that perhaps we were too close to Aon and perhaps biased," Beveridge said. "It's taken them a little bit of time to realize that our work really stands on its own. We have a lot of repeat and happy customers."
Inpoint is led by a team of insurance industry executives and experts. In addition to Beveridge, the team includes: Michael R. Moran, former E.V.P. and global head of brokering excellence for Aon Risk Services; Paul Galvin, leader of the Aon Carrier Strategic Consulting team based in London; Jesper Groenvold, CEO of Paragon Solutions; and Steven Kauderer, an insurance industry consultant who was recently recruited to help build the business.
As an integrated unit of Aon, Inpoint uses data and tools from multiple proprietary Aon sources, including Aon Global Risk Insight Platform, Paragon Solutions, Aon Analytics, Aon eSolutions, Aon Benfield, and Aon Global Risk Consulting.
The company serves clients from offices in Chicago, New York, Minneapolis, Dallas, Pittsburgh, London, Dublin and Sydney with access to resources from Aon's global network of more than 500 offices in 120 countries.
Aon is the largest global insurance broker, according to Best's Review's top global brokers ranking for 2008.
The new consulting company will harness Aon's proprietary data to provide advisory and real-time information services to property/casualty insurance companies. The new business also adds a new revenue stream to Aon that is not related to the sale of insurance.
"No other brokerage firm is doing this," said Cynthia Beveridge, one of five managing partners of Inpoint and a former executive vice president of Aon. "It is hopefully game-changing for our industry, not just for the clients we are working for."
Inpoint will advise insurers on market segmentation and growth strategy; sales force effectiveness; pricing and underwriting; claims operations; and cost and operational excellence.
The company is likely to compete with major insurance consulting firms, such as McKinsey & Co., Accenture and Deloitte. Before joining Aon, Greg Case, president and chief executive officer of Aon, was the head of McKinsey's global insurance and financial services practice.
Inpoint will focus on property/casualty companies, Beveridge said. "What makes us different is that we are created from the insurance industry for the insurance industry," she said.
The company began offering its services 20 months ago, and has been well-received in the marketplace, she said.
"Some of our early clients looked at us like we had insight into data that was intriguing, while others felt that perhaps we were too close to Aon and perhaps biased," Beveridge said. "It's taken them a little bit of time to realize that our work really stands on its own. We have a lot of repeat and happy customers."
Inpoint is led by a team of insurance industry executives and experts. In addition to Beveridge, the team includes: Michael R. Moran, former E.V.P. and global head of brokering excellence for Aon Risk Services; Paul Galvin, leader of the Aon Carrier Strategic Consulting team based in London; Jesper Groenvold, CEO of Paragon Solutions; and Steven Kauderer, an insurance industry consultant who was recently recruited to help build the business.
As an integrated unit of Aon, Inpoint uses data and tools from multiple proprietary Aon sources, including Aon Global Risk Insight Platform, Paragon Solutions, Aon Analytics, Aon eSolutions, Aon Benfield, and Aon Global Risk Consulting.
The company serves clients from offices in Chicago, New York, Minneapolis, Dallas, Pittsburgh, London, Dublin and Sydney with access to resources from Aon's global network of more than 500 offices in 120 countries.
Aon is the largest global insurance broker, according to Best's Review's top global brokers ranking for 2008.
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