New insurer enters motor market

A new aggregator-only direct motor insurer has entered the market.

First Central Insurance Services Limited initially will offer private motor insurance which will be followed by motorcycle and van insurance in early 2009.

Group CEO Mike Leonard said: “It’s great to impart good news for a change. With the launch of our new group, we are creating new jobs and new opportunities and First Central will be a brand of trust and dependability. The aggregator distribution model will fully meet our business needs as our research identified that more and more people in

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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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