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editAs stated on my user page, I work for Bell Pottinger as a PR representative, and Nigel Cayzer is my client.
There are a number of articles referenced in this draft that are not online, namely:
- Recruits boost Allied Brokers, Shares | The Times | 12 May 1989
- Gazing through the Oriel window of opportunity: Allied Insurance Brokers Is Renamed | Lloyd's List International | 26 March 1991
- CGA Is Set For Exciting Times | Post Magazine | 14 July 1994
- BankMuscat appoints Aberdeen Asset Management (Asia) Limited as investment advisers for the Oryx (2004) Fund | Middle East Company News | 12 April 2005
- Provost toasts emperor's birthday with special dram | The Scotsman | 9 December 2013
Please find these below.
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Recruits boost Allied Brokers, Shares The Times, 12 May 1989 Shares in Allied Insurance Brokers leapt 39p to 136p yesterday after the USM company announced the appointment of two new directors. Mr Rupert Galliers-Pratt, current chairman of Harvey and Thompson, will become a non-executive director and Mr Nigel Cayzer executive chairman. They have raised their stake in the company to 8 per cent. Gazing through the Oriel window of opportunity: Allied Insurance Brokers Is Renamed Lloyd's List International, 26 March 1991 The strategy behind a new name to the broking sector, Oriel Group, is examined by Jim Mulrenan, our insurance editor A rather anonymous new company has recently appeared among the list of insurance stock quotations, the less-than-memorably named Oriel Group. Oriel is the new identity of Allied Insurance Brokers and its choice of a deliberately abstract name provides a clue to the direction this rather unusual company is taking. The change of name to Oriel does not reflect a plan to move into double glazing, but an attempt to distance the group from its best known operating subsidiary, Allied Insurance Brokers. The group is developing as a diversified insurance broking and financial services group, with a number of businesses that trade under different names and have established reputations in their own sectors. A key objective of the change of holding company name was to emphasise the individual nature of the operating subsidiaries while also making clear there is more to the group than Allied. At a time when British Telecom was splashing out #60,0000million ($107m) on its new corporate identity, Oriel spent #100 running a competition among its staff and professional advisers for a new name. The winner was a chap from Hambros Bank who came up with the rather classy, vaguely familiar, but ultimately meaningless name Oriel. It is a name that it destined to become rather better known in the insurance and financial services world, for Oriel has embarked on an expansionist course. Chairman Nigel Cayzer, a scion of the well-known shipowning family, aims to build Oriel into a substantially larger company over the next few years. Cayzer and his brother acquired a 29% stake in Allied just under two years ago with a strategy of building on existing strengths and taking the company into areas where it has little or no presence. Retail-orientated insurance brokers have been hard hit by the recession but the strategy is showing signs of succeeding. Oriel was last week able to announced a 25% increase in pre-tax profit to just over #2m last week on an income 20% up at #7.3m. The Oriel Group is unusual in that it is neither a High Street nor a Lloyd's broker but successfully competes with both. It is also the only non-Lloyd's insurance broker to have a share listing. The company is about to lose these claims to fame, for Cayzer has decided Oriel needs a presence at Lloyd's and is at an advanced stage of negotiation to acquire a medium-sized UK-orientated Lloyd's broker. Oriel already places a fair amount of business into Lloyd's but uses a panel of brokers rather than having a special relationship with a single company. The plan to move into the Lloyd's market is an important step in Cayzer's strategy of doubling Oriel's brokerage over the next few years. The fact that the group has an unlisted securities market listing has made it possible to finance acquisitions with paper. A Lloyd's subsidiary is seen as enhancing that alternative growth strategy, recruiting key individuals and teams. Allied's origins are as a specialist rag-trade insurance broker more than 70 years ago but its more recent history had been as a subsidiary of Ennia, one of the Dutch insurers who merged in 1983 to form Aegon. A group led by Martin Harridine, the present deputy chairman, did a management buyout in the wake of the merger and built the company from one which had a brokerage of just #500,000 to approaching #3m. Allied is best known as a UK property broker with good connections with a number of important developers. It also runs a number of insurance schemes in conjunction with trade associations and is also strong in a number of other niches, such as retailing and service industries. Many of Britain's butchers shops, for example, are insured under facilities run by Allied. Allied is already broker to several significant commercial clients, including a number of UK-based multinationals and an entry into Lloyd's should enhance its capability in this area. Oriel, through its Neil Lewis and Associates subsidiary, is the market leader in creditor insurance. This company sets up insurance that will repay loans in the event of the policyholder dying, becoming unemployed or impoverished by marital breakdown. Neil Lewis markets through most of the High Street banks, building societies and finance houses and handles some 20,000 to 30,000 claims a week. An objective in the creditor risk area is to develop ways of capitalising within the single European market on Neil Lewis's expertise by establishing links with suitable Continental partners. The recent Oriel acquisition of the insurance broking interests of the Country Gentlemen's Association (CGA) has made the group the biggest insurer of thatched cottages in the UK Some 25% of all thatches in the UK are insured through the Oriel subsidiary, CG A Insurance Brokers. Thatched buildings are still surprisingly numerous and have the advantage from brokerage income point of view that they are generally relatively high value and high risk. The deal also gives Oriel access to the 25,000-strong membership list of the CGA. Although the Association is fundamentally a mail order business masquerading as a club, the list contains a good selection of mainly affluent people interested in rural matters and gardening. If Oriel has anything to do with it, they will find themselves developing an interest in insurance and financial services over the coming months. Financial services, mainly in the form of life, pensions and mortgage business, accounting for about 20% of Oriel activities are seen as areas that will grow in size though not in relative importance to the group over the next few years. This business, like other areas of Oriel, is often scheme-orientated, such as a recent deal with the Royal Trust Company of Canada which is bringing in quite a lot of business from their clients. The acquisition of CGA Insurance Brokers brought in a quite a lot of financial services business, as did earlier acquisitions of Brian Pay's and the ongoing activities of the Berkeley St James financial and investment management companies. The past couple of years have seen a significant change in the equity base of Oriel and the arrival of several major new institutional shareholders. Cayzer's holding has been diluted by acquisitions to 10.9% and other directors and staff hold another 20%. London and Edinburgh Insurance is now the biggest shareholder with an 11.2% stake with other institutions like Barings, Hambro and Morgan Grenfell represented alongside several pension funds and Caledonia Investments, a Cayzer family vehicle. CGA Is Set For Exciting Times Post Magazine, 14 July 1994 Watch for exciting developments at CGA, the direct-writing arm of insurance broker Oriel Group, following its recruitment from the Royal Insurance stable of Richard Hill as chief executive. Hill is the man who for the last seven years has run The Insurance Service, Royal Insurance's highly successful direct underwriter and one of the leading players in the business. Hill will bring to fast-growing CGA the technical know-how and marketing skills it needs for its next stage of development. With Hill from The Insurance Service comes Mike Punter, the information technology expert. Oriel chief Nigel Cayzer is over the moon. "We'll really go places now," he comments. CGA, which concentrates on household, is picking up around 600 new accounts a week, he says. Cayzer points out that the company is already Britain's leading motor warranty company and that it would make sense to offer warranty clients motor cover too. Meantime, City watchers see CGA at a stage where a big financial partner would spur expansion. Stockbroker Panmure, believes Oriel could effect that by placing perhaps one-third of CGA's equity with a deep-pocketed partner. Hill's appointment has clearly caught the fancy of professional investors who include Oman National Insurance (17%). Very recently Fidelity has increased its stake to 15%. Partly to expand, CGA is raising #4m cash from shareholders. This will also cover part of the proposed buy-in of the commissions of David Shapiro who introduces business to Hayward Till, Oriel's warranty broker. The big growth in this business has become increasingly costly to Oriel. Over the past three years, Shapiro, who gets 50% commission, stepped-up from an annual #351 000 three years ago to an expected #700 000-plus this year. Under the buy-in deal, Shapiro receives #3m in cash and Oriel shares, half of the package now, the rest in a year's time. In future he will get 22% commission on Hayward introductions and annual pay of #150 000. BankMuscat appoints Aberdeen Asset Management (Asia) Limited as investment advisers for the Oryx (2004) Fund Middle East Company News, 12 April 2005 BankMuscat (SAOG), the nation's largest bank and the custodian of the Oryx (2004) Fund has recently appointed Aberdeen Asset Management (Asia) Limited (AAML) to act as the investment advisors for the Fund. This appointment follows the withdrawal of Blakeney Management Limited, the investment advisers to the Oryx Fund for the last ten years. Confirming these developments, BankMuscat chief executive and member Investors' Committee, Oryx (2004) Fund, AbdulRazak Ali Issa said: "We are glad to confirm the appointment of Aberdeen Asset Management as investment Advisors for the Fund. The Oryx JIA provided unit holders with satisfactory returns over the tenure of the Fund. With the formation of the Oryx (2004) Fund, we look forward to providing unit holders and potential investors with an even more exciting investment opportunity. As we have shared many times in the past, as the nation's leading bank, BankMuscat is committed to providing investors in Oman with sound investment options that promise a steady and yet handsome rate of return.' AAML is a wholly owned subsidiary of Aberdeen Asset Management PLC, which is a publicly quoted company on the London and Singapore stock exchanges. Nigel Cayzer, chairman of Oryx (2004) Fund also speaking on the occasion, said: 'We are delighted to welcome Aberdeen Asia as advisers to the Fund. Their investment philosophy, which is based on fundamental research, complements that of our own. We hope that their involvement will allow us to find attractive investment opportunities across the GCC as well as, in due course, attracting new investors into the Fund. I would also like to take this opportunity to thank Blakeney Management Limited for their immense assistance over the last ten years in advising both the Oryx JIA and secondly the Oryx Fund during its transition.' AAML's equity investment style emphasises the identification of good quality companies, on reasonable or low valuations relative to their growth potential, that are likely to deliver above average growth in earnings and dividends over the long-term. Commenting on the prospects of the Oman and GCC markets, Hugh Young, Managing Director, Aberdeen Asset Management (Asia) Limited, said: 'We feel that both Oman and the GCC with their strong economies will be a source of good long-term investments. We look forward to working with the Oryx (2004) Fund to add value over the medium to long term' Worldwide, the Aberdeen Group manages over US$45.6 billion in assets for a range of clients, through mutual and segregated funds. The Group has principal offices in the United Kingdom, United States, Singapore, Australia and Hong Kong. Aberdeen Asset Management (Asia) Limited has been the Group's Asia-Pacific headquarters since 1992. The total funds managed by Aberdeen Asset Management (Asia) Limited in the region are over US$14.7 billion, which are sourced mainly from national and corporate pension schemes, third party and discretionary managers, such as private banks. Aberdeen Asia's products include country, regional and Global Emerging Markets (GEM) funds. Over the years, Aberdeen Asia has won many awards from industry bodies like S&P, Micropal and Lipper International. In addition to the category awards that it has won year on year, Aberdeen Asia has been declared the 'Best Asia Pacific Group' at UK's 'Professional Adviser Awards' in January 2005. In September last year, Aberdeen Asia was also declared 'Asia Pacific Equity Manager of the Year' by Global Money Management by Institutional Investor. About the Oryx Fund: The Oryx fund is an open-ended fund, denominated in Omani Riyals, and quoted on the Muscat Securities Market. The fund is managed by the Asset Management department of BankMuscat. The objective of the fund is to achieve long-term capital appreciation through a diversified portfolio and is principally invested in equity securities and equity related instruments including convertible bonds and warrants in Oman and other countries in the GCC and Iraq. The Oryx fund is a successor to the Oryx JIA fund, which was wound up, in July last year. About BankMuscat (SAOG): With assets worth over US $ 4.5 billion, BankMuscat (SAOG) is the largest Bank in Oman today with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. The Bank has a network of 90 branches in Oman and a representative office in Dubai (UAE). BankMuscat also has a strategic stake in Centurion Bank, a private sector bank in India and has recently set up BankMuscat International (BMI) an independent Banking entity that will be focused on becoming a truly GCC regional bank. The international financial and banking community has lauded BankMuscat's performance and pioneering efforts at setting new standards of excellence in the Banking industry in Oman and in the countries in which it operates across the region for several years now. BankMuscat holds the rare distinction of being voted the 'Best Bank in Oman' by Euromoney and Global Finance Inc., four times in a row and three times by The Banker, FT London. The Bank was also awarded the People Development Award at Oman Awards for Excellence, last year. Provost toasts emperor's birthday with special dram The Scotsman, 9 December 2013 WHAT do you buy the emperor who has everything? If you're Donald Wilson, the Lord Provost of Edinburgh, the answer has to be whisky. Wilson was a guest of honour at an event last week hosted by Japan's consul general in Edinburgh, Hajime Kitaoka, to celebrate the birthday of emperor Akihito, who turns 80 later this month. Kitaoka-san, who arrived in October following a previous posting in Ethiopia, told the assembled dignitaries - including Finance Secretary John Swinney and Jim Todd, the "hairy biker" Provost of East Ayrshire - that state broadcaster NHK was creating a screenplay about Jessie Roberta "Rita" Cowan of Kirkintilloch, who married the founder of Japan's whisky industry, Masataka Taketsuru, in 1920. So it was fitting that Wilson presented his host with a bottle of Lord Provost's Malt, specially blended by Inverarity Morton for such occasions, and assured him that, having enjoyed "several tasting sessions", it was a fine dram indeed. Kanpai. Greenaway cooks up plans CHEF Mark Greenaway launched his BistroModerne venture in Edinburgh last week and one of the capital's top cooks hinted that other plans may be coming to the boil. The Glaswegian said he may expand the bistro model into his home city, and possibly also to Inverness. He described the Highland capital as a "happening place" but cautioned against any firm plans. Greenaway clearly has enough on his plate. Charity roles for chairmen TWO of the best-known figures in the Scottish business community, Ian Marchant and Norman Murray, are taking over as chairmen at two of the country's high-profile charities. The former Scottish & Southern Energy chief executive has been named as chairman of Maggie's, the cancer care charity. Marchant has served on the charity's board since 2005, chairing its audit committee, and replaces Nigel Cayzer, who has led the board since 2005. Marchant adds the role to his growing portfolio, which already includes acting as chairman of Infinis, the renewable energy group floated on the stock market by private equity investor Guy Hands, and as a non-executive director at Aggreko, Cyberhawk, Linknode and Wood Group. Meanwhile, Cairn Energy's former chairman will be filling the same role at Scottish Ballet. Murray - currently chairman of energy services firm Petrofac and whisky distiller Edrington Group, which makes Famous Grouse, Highland Park and The Macallan - replaces Zoe van Zwanenberg, who is standing down after nine years in the role. Dragons' Den star in focus BEING retweeted by former Dragons' Den star Theo Paphitis led camera retailer Ben Mullay away from his shop in Lerwick to Birmingham last week. Each Sunday night, BBC2 stalwart Paphitis honours six small businesses by retweeting descriptions of what makes their firms unique. Mullay's Camera Centre received the accolade and last week he joined 950 other Small Business Sunday Awards winners in Brum. "Everyone there knew our story and there were lots of questions about how we do business in such a small community," Mullay said. "We shared our journey of diversification, tourism initiatives and our continued focus on e-commerce as a way to expand our otherwise limited market." Student gets first contract Strathclyde University student Ross Pert will be off the baked beans and into the high life after the website he set up to match interns with vacancies in the engineering sector signed up its first paying customer. The mechanical engineering and financial management undergrad was inspired to launch Enginterns.com early this year after his own positive experiences of summer work. Since then, its user base has passed 700 students who receive job notifications, and he has set up sister site bizinterns.com for finance students. He has just given both sites a complete overhaul. Richard Irvin Sustainable Energy of Aberdeen has chosen Enginterns in its search for a design engineer. The mechanical engineering and financial management undergrad was inspired to launch Enginterns.com early this year after his own positive experiences of summer work. Since then, its user base has passed 700 students who receive job notifications, and he has set up sister site bizinterns.com for finance students. He has just given both sites a complete overhaul. Richard Irvin Sustainable Energy of Aberdeen has chosen Enginterns in its search for a design engineer. On the Move : Reshuffle at whisky trade body SCOTCH Whisky Association (SWA) high heidyin Campbell Evans will be toasting a promotion next year following a reshuffle at the drinks trade body. Evans, who is currently government and communications director, is taking over the international affairs remit from Pete Wilkinson, who is retiring after 22 years with the SWA. David Williamson, currently deputy director of international affairs, will move across to take over Evans's old role. All of the changes will come into effect on 2 January, when David Frost replaces Gavin Hewitt after ten years as chief executive, handing the top job's baton from one former Foreign Office diplomat to another. |