Blanc targets 50% growth in Ebitda at Oval

Peter Blanc, chief executive officer of Oval Insurance, has revealed to Insurance Age, for a series of three articles, that he is targeting a £30m Ebitda performance within five years.

Mr Blanc, who took over the role from Phillip Hodson earlier this year, described the job as fantastic and great opportunity.

“In five years’ time if we are not doing £30m Ebitda I would be really disappointed,” he said. “That has got to be a realistic target. At £30m Ebitda we are in a position to do all sorts of things.”

However he stressed that while Ebitda was a useful comparative measure between brokers he also had another priority.

“I jokingly refer to Ebitda as earnings before bad stuff,”