Saga
Founded in 1951, Saga spent its first 30 years focused on travel, before launching the Saga Magazine and developing home and motor insurance and financial services in the 1980s. Private medical and pet insurance followed in the 1990s, along with the launch of its own cruise ship operation. Today the insurance business including the broking business is the largest part of the Saga Group.
Saga features in the Insurance Age Top 75 UK Brokers listing. Find out what other companies made the cut.
Saga profits drop ahead of expected Covid-19 hit
Broking, underwriting and travel profits all fell, as the group renegotiates its loans to accommodate for lengthy travel suspensions.
Bennetts deal to cost Ardonagh £26m
Motorcycle broker will join Autonet, Carole Nash and Swinton as part of Atlanta.
Saga looking at performance and cost efficiencies
Provider states 60% of new customers are choosing its three-year fixed price product as it publishes trading update for the last six months.
Quizzical questions: 13 December 2019
Test your knowledge of the week's news with our topical quiz.
Saga appoints former Superdry and Co-op boss as CEO
Euan Sutherland replaces Lance Batchelor who announced his retirement earlier this year.
Ex-Swinton boss Gilles Normand joins Saga amid insurance business restructure
Former Legal & General GI boss, Cheryl Agius, is set to take on CEO of insurance role as Saga reveals plans to bring together its insurance broking, underwriting and claims management businesses.
Insurers most at risk from FCA pricing review named by analyst
Analyst firm Peel Hunt highlighted Direct Line, RSA and Saga as particularly vulnerable.
Saga considering sale of Bennetts for second time, say reports
Reports suggest Saga is now under pressure from new investor Elliott Advisors.
Saga profits plummet in all operating areas
Underlying profit before tax fell 22.6% in retail broking and 53.3% in underwriting.
News analysis: Dual pricing debate rolls on
Brokers look at fixed pricing as research shows vulnerable customers affected more by loyalty penalty
Hedge fund takes stake in Saga
Elliot has invested in the insurance and travel provider.
#Insagepeople 15-19 July 2019
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Market moves: Movers and shakers
There were many big name moves in June, with several arrivals and departures announced at the executive level
Saga group CEO to retire
Provider has started the recruitment process to find a successor, as Lance Batchelor is set to leave the business in January 2020.
Which? survey reveals worst insurers for handling claims
Consumer organisation asked car and home insurance customers to rate their claims experience, with The AA scoring lowest in the car sector and RSA being rated worst in home.
Podcast: The top five stories of the week
Siân Barton and Ida Axling discuss the most popular news pieces from the past five days.
Saga says renewal pricing strategy change “aligned with FCA goal”
The provider announced yesterday that it will offer three year fixed price insurance to customers as it seeks to increase loyalty and arrest profit downturn.
Saga falls to £134.6m pre-tax loss and pledges to change strategy amid renewal pricing row
Saga reports “disappointing” retail broking results as it claims first with three year fixed pricing for insurance via direct channels, moves away from the focus on price and changes renewal pricing.
#Insagepeople: 4 - 8 March 2019
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#Insagepeople: 17 - 23 December 2018
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Saga takes new CFO from Zurich
James Quin to succeed Jonathan Hill who retired from the insurer earlier this year.
#Insagepeople: 17 - 23 September 2018
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Saga opens health insurance to brokers for the first time
Firm flags declining choice in the market for brokers following consolidation and recent withdrawal of April UK.
#insagepeople 18 - 22 June 2018
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