Saga
Director of Content’s Comment: Is the timing for listing right?
The news that BGL is looking at a prospective initial public offering has raised a number of questions.
Parabis woes highlight importance of finding right ABS partner
The importance of insurers finding the right legal partner to enter into alternative business structure arrangements with has been highlighted by experts, after four such entities recently either changed partners or entered into run-off.
Acromas offloads tax losses to Saga for £7.65m
Over-50s insurer Saga is to acquire tax losses from Acromas SPC Co and Acromas Mid Co - a 31.5% shareholder in Saga, worth £15.3m, according to a Saga trading statement.
Ex-RSA UK CEO McIntyre takes on NED role at Saga
Saga has appointed former RSA UK CEO Bridget McIntyre as an independent non-executive director with effect from 1 January 2016.
CMA private healthcare inquiry expected to rumble on despite positive findings
Health insurers are supporting the latest Competition and Markets Authority provisional findings released following an appeal of its final report into the private healthcare market, despite concerns the inquiry could rumble on for several more years.
Insurance results drives Saga performance
The motor and home insurance businesses at Saga have contributed to a strong groupwide performance in the six-month period ending 31 July 2015.
Hastings IPO tipped to benefit from recent M&A activity
The timing of Hastings Insurance Group’s initial public offering could attract investors with surplus cash following the recent spate of insurance mergers and acquisitions, according to industry analysts.
Saga Services
Rank: 9
Trust In Insurance: Blog: Satisfaction is what you need
The first in a new regular blog series from Post’s Trust In Insurance Taskforce.
Saga completes Bennetts acquisition
Over 50s insurance specialist Saga has completed the acquisition of motorcycle insurer Bennetts for £26.26m in cash.
Saga sees full-year motor COR improve to 77.9%
Saga has reported a 10.5 percentage point improvement in its motor underwriting combined operating ratio to 77.9%, for the year ended 31 January 2015.
Saga seals Biba membership
Saga has signed up to be a member of the British Insurance Brokers' Association.
Bennetts will be run as 'standalone business' says Saga Services CEO
Motorcycle broker Bennetts, which agreed to be acquired by over 50s insurer Saga yesterday (29 January) will be largely run as a standalone business according to Roger Ramsden chief executive of Saga Services.
Saga shares climb 11% on Bennetts announcement
Over-50s specialist Saga has seen its share price surge by more than 10% in a day’s trading following an announcement that it would pay £26.26m to acquire motorbike broker Bennetts.
Saga buys Bennetts in £26.26m cash deal
Saga is to pay £26.26m in cash to BGL Group to buy specialist broker Bennetts, in a deal that will grow the over-50s insurer's existing motorbike customer base more than ten-fold.
ABSs highlighted as claims upsurge threat as CMC numbers dwindle
The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.
Saga launching motor panel to expand customer base
Saga has created a new panel of motor insurers to build out its client base, while also plotting to double takings from its travel business.
Saga sets joining date for new CFO Hill
Saga’s incoming chief financial officer Jonathan Hill will be joining the firm in April, the over-50s insurance specialist has revealed.
Saga selects Arc Legal for landlord legal expenses cover
Saga has chosen Arc Legal Assistance to provide a landlord legal expenses policy within its landlord home insurance product.
Saga sees pre-tax profits drop as group hit by £50m IPO costs
Pre-tax profit at Saga dropped by £60m in the six months to 31 July 2014 with IPO costs totalling £50.8m.
Customer satisfaction index ranks LV as best performing insurer
LV and Saga Insurance were the insurance industry’s sole representatives in the top 50 organisations listed in the Institute of Customer Service’s UK customer satisfaction index.
Oliver steps down as CEO of Parabis
Parabis Group has no immediate plans to appoint a successor to outgoing chief executive Tim Oliver, who is to become deputy chairman and take on a new non-executive board role.
Saga floats on main market of LSE
Shares in over-50s insurance specialist Saga were today admitted to trading on the London Stock Exchange.
Slashed offer price sees Saga valued at £2.1bn
Saga executive chairman Andrew Goodsell has expressed his satisfaction at the demand for Saga shares after the offer price was cut to 185p resulting in a market capitalisation value of £2.1bn.