Saga sets up own insurer

Insurance Age staff
01 Aug 2003

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Saga Services, the Kent-based over-50s services provider, plans to start underwriting its own motor and caravan polices next year through a new Gibraltar-based insurer Saga Insurance Company.

Andrew Goodsell, managing director of Saga Services, said the company had applied for a licence from the Gibraltar authorities and had been given a preliminary agreement - although full confirmation was still a matter of weeks away.

The move will be a blow for Groupama Insurances, which currently underwrites

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