Shutting the Kwik Fit Glasgow office cost the business £27.2m.
Charles, who leaves to coach rugby, will be replaced by Andy White who was formerly MD at Henderson Insurance Brokers.
Aquisitions, profits, gadgets, people moves and complaints hit the headlines this week and make up the top five most popular stories.
RMD for Scotland, Paul Kerry, remains with the business as chairman, Scotland.
Data shows that there have been 366 complaints so far this year but the number of year-on-year complaints is falling.
Chief operating officer Matthew Moore takes up the reins.
Admiral’s price comparison website made a pre-tax profit of £4.5m.
Existing Slade Edwards staff will join the Bennett Christmas team from September.
Management team and all staff to stay with the business.
Protect Your Gadget price comparison website has been developed to compare multiple brands.
Firm planning to grow through local acquisitions.
The COR was reported as 107.6% and GWP also fell as CEO says the results were driven by changes outside of the insurer’s control.
The CFO hails topline growth and “continued momentum” following the half year figures.
Siân Barton believes brokers should not fear the LV/Allianz deal and argues it is a chance to mine fresh opportunities.
CEO silent on market rumours that the broker could be up for sale by auction.
The firm posted GWP growth of 28% and noted that the Ogden rate change had generated more activity for the business on aggregators.
Turnover was up to £27.5m for the full year from £26.4m in 2015.
Turnover and Ebitda both grew for the Lark Group holding company as it posts last set of results prior to Aston Scott deal.
No changes for brokers until the £500m deal goes through but bosses believe the “complementary businesses” are strategically matched and LV aims to become personal lines insurer of choice for brokers.
Insurer admits there is “some way to go to fill the financial hole” left by the Ogden rate change.
Allianz is set to pay LV £500m for a 49% stake in the business as a first step but will move to own 69.9% long term paying £713m in total.
The UK GI chief says brokers were key to achieving growth in first half of 2017 along with investment into digital.
Profit before tax also increases 44.6% for the first half of 2017.
Aviva UK & Ireland also reports 17% growth in operating profit to £259m as net written premiums go up and digital investment pays off.