Oval's broking Ebitda trading 16% up

Peter Blanc

Chief executive Blanc hails performance ahead of potential acquisition by Gallaghers.

Oval Insurance Broking's EBITDA pre exceptionals are 16% up for the financial year to the end of February 2014.

Chief executive Peter Blanc said this figure stood at £15.6m at the end of February, some £2.1m over budget and £2.7m up on the same period last year.

Speaking to Insurance Age, Blanc said: "As for our results, we are still on track and trading ahead of budget, we are over budget for income on insurance broking.

"Our financial services division is going well while the health care

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@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

NSM to buy AllClear owner

NSM Insurance has signed up to buy InsurEvo Group, including AllClear Insurance, InsureandGo and JustCover, from Synova.