Mugge most recently worked at Ardonagh Group after moving across from Gallagher to Towergate in 2015.
Broking, underwriting and travel profits all fell, as the group renegotiates its loans to accommodate for lengthy travel suspensions.
Keep up to date with the latest market moves.
As the first working week of self-isolation comes to a close for many, Insurance Age content director Jonathan Swift looks at the stance brokers are taking in terms shutting up shop or keeping their branches open.
More than 70% of staff now work from home, and headcount is “typically less than 5%” at offices.
Losses for the group shrank as operating profit grew to £3.4m as broker reports 3.3% organic growth.
The “significant” breaches meant some customers did not get annual review statements for up to six years.
Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.
Deal creates UK broker “unicorns” as Marsh moves to number two on the global broking table.
Ardonagh's Geo Underwriting has exchanged contracts to buy the trade and assets of the agriculture specialist.
The Insurance Age team talk about the top stories for the week.
Motorcycle broker will join Autonet, Carole Nash and Swinton as part of Atlanta.
Ardonagh’s Atlanta division has exchanged contracts to purchase the motorcycle specialist broker.
Profile: David Ross, Ardonagh CEO, tells Insurance Age why he’s a lucky man and reveals his hopes for the group as he puts the challenges of the past five years behind him
Laurence Eastham and Ida Axling discuss the most popular news stories this week, including changes at Marsh Commercial and Hiscox moving 300 staff out of London.
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
Gallagher's UK boss Simon Matson addressed last year's "unfortunate" Gallagher v Ardonagh court case for the first time as he discussed the broker's full acquisition of Capsicum Re alongside CEO Rupert Swallow.
This year's top stories featured MS Amlin, Tokio Marine Kiln, Marsh Commercial, Ardonagh, Gallagher and Amanda Blanc.
Readers were most interested by the decision of MS Amlin to exit nine lines of business following a strategy review.
Readers were most interested by closures at Swinton in August, as PIB announced its intention to seek a new investor by 2021.
The first month of Spring was dominated by the staff poaching case between Ardonagh and Gallagher.
Stuttard will be based in Blackburn, Lancashire and, in addition to his Towergate role, also worked as regional manager at Swinton.
CEO also discusses Ardonagh’s latest set of financial results, organic growth and acquisition plans.
Graeme MacMillan will join the business in a newly-created role in 2020.