It's all water under the bridge

Recent developments in the Newcastle insurance market have prompted speculation that the city is experiencing a renaissance of sorts, however, will insurers relive the past and pull out if all proves too much? Martin Friel reports

Bridge building seems to be a bit of a pastime in Newcastle. The city has been at it since Roman times, and has no less than seven bridges crossing the Tyne to neighbouring Gateshead. However, it is a different kind of bridge building that has piqued the interest of the local insurance industry of late.

Widespread centralisation within the insurer market in the late 1990s and early 2000s led to a mass insurer pull-out from a city that at one point boasted 25 insurers. In recent years, however

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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