Investor Presentaiton
Ownership of Personal Lines
Distribution
Insurer Owned
Swinton
MMA
EIBL/Hastings/ODIS
IAG
Endsleigh
Zurich
RIAS
Fortis
Carole Nash
Groupama
Highway Retail
Highway
Outright
Fortis
£418.6m
Non-Insurer Owned
AA
Budget
CVC/Pemira
Capricorn/Mgt
Kwik-Fit
CVC/Pemira
A Plan Group
Independent
BDML
Allen & Allen
Capita
Independent
equity
INSURANCE BROKERS
£188.6m
£33m
£18.3m
£149.6m
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•
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AAA Plan Group Allen & Allen Non Insurer Owned Insurer Owned
£418.6m of Brokerage (52% of largest 15 personal lines brokers) is now owned and
controlled by Insurers.
This will increase to over 75% if AA is acquired by an Insurer.
Primary objective is to protect distribution/routes to market and underwriting
share/profit.
• Remainder of personal lines broking market still largely independently owned.
Commercial lines remains largely independent (but Axa acquired Stuart Alexander &
Layton Blackham on 16 January 2007; combined GWP £200m).
Source: Insurance Times Top 50 Brokers (July 2006)View entire presentation