Leader Isabelle Joschke (Degrémont Synergie) passed Cape Finisterre Thursday afternoon with a 25/30 knots North/North West regime, conditions that permitted her to impose the tempo to the race despite the heavy sea.Ī tempo that few skippers are able to follow, this morning Samuel Manuard (Sitting Bull) was over 12 nautical miles away from the young Franco-German skipper, and Yves Le Blévec (Actual) was 22 nautical miles away. 2 knots of wind when the leaders were had to deal with 25/30 knots wind cavalcade. The first skippers start to get into the Portuguese trade winds zone accelerating, when the others are still fighting with the North Spain eastern winds.įriday morning in the North of Corrogna, we registered not more that. This was despite a 1.1% increase in turnover to £306.4m (2012: £301.4m).A classic and awaited scenario, the Cape Finisterre transit is usually accompanied by a clear gap in the fleet. The company made a pre-tax profit of £23.4m in 2013, down from £28.8m the previous year. Last month Insurance Times revealed Swinton now had one of the best records for customer complaints, according to Financial Ombudsman Service (FOS) figures.īut its latest accounts showed the fine had contributed to an 18.9% fall in the broker’s 2013 pre-tax profit. Under his leadership Swinton also made significant changes to its sales practices and overall working culture in the wake of a £7.4m FCA fine for mis-selling add-ons. In the three years since Bardet joined the broker he has overseen the start of a £60m transformation, including a brand refresh, a major IT upgrade, branch network restructure and an increased focus on acquisitions. “I am excited by the further progress we will make in the next year as we work towards the completion date at the end of 2015.”ĭominique Salvy, director at Covéa International, said the board chose Bardet as chief executive of Fidelia Assistance because of the “tremendous” job he had done to turn Swinton around. Normand added: “Covéa and I are committed to completing the transformation along with everyone in the company, from those working in our branches to the executive board. I will take great pleasure in watching the company continue to grow while back in France.” “The past three years have been the most enjoyable of my career Swinton is a fantastic business run by dedicated and knowledgeable people devoted to making customers feel valued and providing value through their expertise. I am in no doubt I am leaving the business in the safest possible pair of hands. “In the coming months I will be working closely with Gilles to ensure the handover is seamless. Normand will join Swinton from his role as chief executive of MMA Holdings UK, the parent company of Swinton and Covéa Insurance in the UK – a position he has held since 2012.īardet said: “I’m very happy to be offered such a fantastic opportunity with Fidelia Assistance, but also sad I won’t be seeing the company transformation through to its conclusion. Subject to FCA approval, Normand will take on the new role in January 2015.īardet will return to his native France to become chief executive of Fidelia Assistance, also part of the Covéa Group. Gilles Normand is to replace Christophe Bardet as Swinton Insurance chief executive.
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