Family affair

Neil and Nick Pointon of PYV

Niche specialism and expertise are complementary according to the brothers running Lloyd's professional indemnity specialists PYV, writes Emmanuel Kenning.

Growing up in Newtown Linford, Leicestershire, Neil and Nick Pointon took different holiday jobs. Alongside hotel work and hay bailing, Neil lasted one day as a potato picker. "All I remember is that it was cold, wet and muddy. It was horrible," he reminisces. Younger brother Nick took a paper round instead.

After finishing school Neil, now chief executive at PYV, went to work as a claims handler for household business at General Accident. In contrast, Nick - now managing director at PYV Legal -

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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