222:
Wood is the biggest donor to prostate cancer research at UCL Hospital in London, where he has funded the latest radiology equipment and sponsors a leading professor. Wood also funded equipment enabling UCL to conduct research in the immune response detectable from the blood of Covid-19 patients.
159:
In
February 2010, Wood led a management buy-out of esure, subsequently leading the floatation of esure Group plc on the London Stock Exchange on 27 March 2013. esure staff received a £3m payout at the time. In August 2018, esure announced that it was to be acquired by Bain Capital for £1.2bn. Wood
151:
bank, which provided £150 million of startup capital. esure used the same business model as Direct Line and targeted the same customer base, establishing a foothold in the market before following with a subsidiary (First
Alternative) in 2003 for drivers of higher premium vehicles. Even its
118:
called his bonus "obscene"—was a source of embarrassment both to Wood himself and the Royal Bank, which attempted to buy its way out of its contractual obligations with a one-off £24 million payment in 1994, taking his total income that year to £42 million. Wood himself claims that he
152:
advertising and marketing were similar, to the point where Direct Line challenged esure's "Mr Mouse" character to be an infringement of its own iconic red telephone on wheels, and it successfully took esure to court to prevent it being trademarked. A women-only specialist insurance brand,
100:, and within nine years was the biggest insurer of private vehicles in the country, claiming three times as many customers as the Royal Bank itself. Wood did not have a capital stake in Direct Line, having sold it to the Royal Bank in 1988 in return for considerable performance-related
123:
at the Direct Line offices which injured a member of staff. Nevertheless, Wood remained richly rewarded, receiving another £17 million in 1995 and remaining a byword for the perceived excesses of corporate boardrooms in the 1990s, according to critics.
196:
Wood also set up two insurance companies in the United States, Response (1995) and
Homesite (1997), although his involvement with both of them came to an end in 2004. He is a Director and shareholder in American insurer The Plymouth Rock Company.
200:
From 1996 to 2000, Wood was a non-executive director of the holding company
British Gas and the Automobile Association. In 1998, he was appointed as a non-executive director to the Board of the Economist, where he serviced until March 2004.
244:
104:. This led to his becoming Britain's highest paid company director, receiving £1.6 million in 1991, £6 million in 1992, and £18.2 million in 1993. The subsequent attention and notoriety his pay attracted—
254:
135:(LDA), a direct motor insurer in Spain, through a joint venture between RBS and Bankinter. LDA listed on the Madrid stock exchange in April 2020 with a market valuation of €1.434bn euros.
1090:
983:
422:
55:
for services to UK industry and philanthropy. In 2021 he was the 198th wealthiest person in
Britain with an estimated personal fortune of £815 million, according to the
204:
Wood is an established investor in property. Developments include the former headquarters of BBC Radio in
Marylebone, London and properties in Palm Beach, Florida.
219:
in 1994 and served for three years until he moved to found The
Croydon Colorectal Cancer Charity with Mr Ian Swift, Consultant Surgeon at Mayday Hospital, Surrey.
788:
633:
1197:
1005:
1139:"Increased Complement Receptor-3 levels in monocytes and granulocytes distinguish COVID-19 patients with pneumonia from those with mild symptoms"
1177:
1112:
1187:
1182:
659:
40:
23:
714:
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806:
131:, an insurance company specialising in lower-risk customers which had been founded in 1996. Whilst running Direct Line, Wood founded
1031:
770:
908:
589:
357:
1064:
525:
792:
432:
1138:
508:
1207:
934:
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677:
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128:
548:
1222:
108:
56:
1202:
831:
955:
1217:
180:
agreed a £594 million takeover of GoCo Group plc, which by this point had grown to include not just
1227:
336:
734:
396:
127:
He left Direct Line in 1997, but continued to work with the Royal Bank in other areas, including
568:
472:
289:
269:
1212:
97:
498:
857:
52:
44:
634:"Línea Directa: el experimento de la venta telefónica de seguros llama a la puerta del Ibex"
96:, the first telephone-only insurance company in the UK. The venture was underwritten by the
1172:
8:
774:
771:"esure Insurance Ltd v Direct Line Insurance plc (2008) EWCA Civ 842; (2008) WLR (D) 252"
530:
427:
789:"Peter Wood and HBOS launch 'Sheilas' Wheels' brand to shake-up car insurance for women"
619:
597:
294:
274:
153:
72:
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remained as
Chairman of esure until March 2020 when he stepped down from the Board.
314:
68:
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573:
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249:
245:"Seventh heaven for the man who started Britain's telephone insurance revolution"
112:
48:
185:
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1043:
882:
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1065:"Sir Peter Wood backs open finance platform Moneyhub | Business Leader News"
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553:
216:
101:
1006:"This Marylebone sub-penthouse for sale is in the old BBC Radio London HQ"
120:
93:
32:
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115:
569:"Highest paid director gets 900 times more than his average employee"
341:
76:
1113:"UCL Cancer Institute receives £1.875m gift from Sir Peter Wood CBE"
1032:"Sir Peter Wood on why he's ditched insurance in favour of property"
681:
832:"Esure staff to share £3m bonanza after insurance firm's flotation"
791:(Press release). Sheilas' Wheels. 19 September 2005. Archived from
31:) is an English entrepreneur, most notable as the founder of the
660:"Spanish insurance company LDA jumps 30% on Madrid market debut"
28:
496:
173:
168:
Sir Peter Wood was also chairman of price comparison website
144:
36:
119:
personally requested an end to the deal after receiving a
699:
909:"Go Compare buys Dragons' Den energy switching business"
497:
Mabey, Christopher; Graeme
Salaman; John Storey (1998).
207:
In 2021, Wood founded the investment vehicle, SPWOne.
156:, was established by Wood and esure in October 2005.
735:"The First Alternative for Higher Premium Motorists"
1164:
727:
278:(1st supplement). 30 December 1995. p. 10.
935:"The Plymouth Rock Company 2020 Annual Report"
750:"Direct Line squashes esure's mouse on wheels"
549:"Royal Bank? It's trebles all round the board"
1198:Commanders of the Order of the British Empire
1091:"QUEEN'S BIRTHDAY HONOURS 2016 – HIGH AWARDS"
596:(89). International Socialism. Archived from
503:. Oxford: Blackwell Publishing. p. 143.
1003:
715:"Peter Wood tackles higher risk cars market"
590:"Wealth, poverty and class in Britain today"
238:
236:
47:for services to the insurance industry, and
41:Commander of the Order of the British Empire
807:"esure in £1bn London Stock Exchange Float"
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79:. He is divorced and has five daughters.
858:"Important Disclaimer | esure Group plc"
737:(Press release). Esure. 22 October 2003.
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39:insurance companies. Wood was appointed
768:
688:
470:
322:
302:
298:(Supplement). 11 June 2016. p. B2.
1165:
883:"Gocompare and insurer Esure to split"
781:
492:
490:
488:
471:Darroch, Valerie (12 September 2001).
461:
414:
356:Griffiths, Katherine (27 April 2002).
1029:
1004:Avis-Riordan, Katie (7 August 2017).
376:
358:"Peter Wood helps fund Cox cash call"
1178:British chairpersons of corporations
984:"Proposed demerger of Gocompare.com"
524:Ringshaw, Grant (20 February 2000).
517:
176:in November 2016. In November 2020,
147:, this time in partnership with the
67:Wood was born on 6 November 1946 in
1188:British technology company founders
1183:British technology chief executives
1136:
1110:
696:"Halifax to offer online insurance"
587:
485:
215:He was appointed a director of the
13:
1193:Businesspeople awarded knighthoods
713:Stevenson, Rachel (26 June 2003).
243:Stevenson, Rachel (30 June 2003).
14:
1239:
1030:Curry, Rhiannon (16 April 2017).
769:Toulmin, Carolyn (23 July 2008).
620:"Succession at Direct Line Group"
337:"Esure boss just won't calm down"
184:but also Look After My Bills and
421:Parkinson, Gary (2 April 2000).
62:
16:English entrepreneur (born 1946)
1130:
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1083:
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997:
976:
948:
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824:
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594:International Socialism Journal
401:DLG Corporate Corporate Website
217:Princess Royal Trust for Carers
210:
640:(in Spanish). 19 December 2019
389:
370:
282:
261:
172:, following its demerger from
87:
1:
377:Finch, Julia (26 June 2003).
226:
163:
622:. PR Newswire. 25 June 1997.
7:
748:Out-Law.com (5 July 2007).
57:Sunday Times Rich List 2021
10:
1244:
27:(born 6 November 1946, in
942:The Plymouth Rock Company
588:Cox, Judy (Winter 1995).
500:Human Resource Management
133:Línea Directa Aseguradora
82:
557:. London. 14 March 2001.
526:"I'm coming out to play"
457:. Direct Line Insurance.
431:. London. Archived from
345:. London. 11 April 2004.
191:
138:
680:. Esure. Archived from
1208:English businesspeople
455:"About us: Milestones"
98:Royal Bank of Scotland
92:In 1985 Wood launched
1137:UCL (2 August 2020).
423:"Wood poaches chiefs"
267:United Kingdom list:
143:In 1999 Wood founded
71:. He was educated at
53:2016 Birthday Honours
45:1996 New Year Honours
1111:UCL (16 July 2019).
993:. 13 September 2016.
577:. 14 September 1995.
435:on 16 September 2004
1223:People from Reigate
889:. 13 September 2016
702:. 17 February 2000.
684:on 16 October 2008.
531:The Daily Telegraph
428:The Daily Telegraph
318:. London. May 2021.
20:Sir Peter John Wood
944:. 8 February 2021.
862:www.esuregroup.com
795:on 7 January 2009.
295:The London Gazette
275:The London Gazette
73:Brooklands College
1203:Direct Line Group
777:on 4 August 2008.
600:on 6 January 2009
478:The Sunday Herald
1235:
1218:Knights Bachelor
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773:. Archived from
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666:. 29 April 2021.
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473:"Wizard of odds"
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315:The Sunday Times
310:"Rich List 2021"
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257:on 3 April 2009.
253:. Archived from
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111:and then-shadow
69:Kingston, Surrey
26:
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1100:. 10 June 2016.
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174:esure Group plc
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113:Trade Secretary
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1071:. 16 July 2021
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678:"About esure"
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182:Gocompare.com
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63:Personal life
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43:(CBE) in the
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21:
1149:. Retrieved
1145:
1132:
1120:. Retrieved
1117:UCL Campaign
1116:
1106:
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861:
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840:. Retrieved
836:the Guardian
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814:. Retrieved
810:
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793:the original
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775:the original
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755:The Register
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682:the original
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642:. Retrieved
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602:. Retrieved
598:the original
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554:The Guardian
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433:the original
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211:Philanthropy
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106:Labour Party
102:remuneration
91:
66:
19:
18:
1173:1946 births
956:"StackPath"
397:"Our Story"
290:"No. 61608"
270:"No. 54255"
121:letter bomb
94:Direct Line
88:Direct Line
33:Direct Line
1167:Categories
638:El Español
604:6 November
439:11 October
227:References
178:Future plc
164:GoCo Group
116:Robin Cook
1044:0307-1235
968:10 August
534:. London.
342:The Times
129:Privilege
77:Weybridge
1151:2 August
1122:6 August
1075:9 August
1049:9 August
1015:9 August
919:6 August
893:6 August
887:BBC News
867:6 August
842:6 August
816:6 August
644:6 August
406:6 August
49:knighted
149:Halifax
51:in the
1098:Gov.uk
1042:
664:Nasdaq
507:
83:Career
29:Surrey
1142:(PDF)
1094:(PDF)
987:(PDF)
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938:(PDF)
192:Other
145:esure
139:esure
37:esure
1153:2020
1124:2021
1077:2021
1051:2021
1040:ISSN
1017:2021
970:2021
921:2021
895:2021
869:2021
844:2021
818:2021
811:LSEG
646:2021
606:2008
505:ISBN
441:2021
408:2021
35:and
1146:UCL
700:BBC
75:in
24:CBE
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109:MP
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