Over 50s travel and insurance specialist Saga has recruited Steve Kingshott as CEO for insurance, joining from Tesco where he was CEO of Tesco Underwriting and chief insurance officer at Tesco Bank.
Ardonagh's first quarter results have revealed it was paid £22.75m for Bennetts, structured through a £1 sale price and the settlement of Bennetts' debt owed to the group.
LV has again been ranked the top insurance organisation in the UK by the Institute of Customer Service in its biannual UK Customer Satisfaction Index, although the gap at the top between it and the chasing pack has been reduced.
Cheryl Agius has stepped down as CEO of Saga Insurance with immediate effect for personal reasons, the company has confirmed.
Ardonagh has offered to sell motorcycle specialist Bennetts to address the concerns of the Competition and Markets Authority and avoid a “long, burdensome and expensive phase two enquiry”.
The Competition and Markets Authority has found that Ardonagh’s purchase of Bennetts could lead to “higher prices, less choice and worse services for motorcyclists in the UK”.
Qlaims has appointed Liz Latter as chief commercial officer following Mike Keating’s departure to take up the post of managing director of the Managing General Agents’ Association.
Sir Roger De Haan, the former owner of Saga, is set to invest up to £100m in the business as it seeks to raise £150m through a share placement.
With growing pressure on the government to introduce mandatory ethnicity pay reporting to measure inequality in the workplace, Post investigates what steps the industry is taking to prepare and what is still to do.
Ardonagh’s decision to roar ahead with the takeover of motorcycle specialist Bennetts less than a fortnight ago raised a few eyebrows, but really it should not have done.
The Competition and Markets Authority has ordered Ardonagh not to integrate with Bennetts, transfer control or stop competing with it as the consolidator completed the deal to buy the motorcycle specialist.
The Competition and Markets Authority has opened a merger inquiry into the proposed takeover of Bennetts Motorcyling Services by Ardonagh Group.
The Competition and Markets Authority has today launched an investigation into whether Ardonagh buying Bennetts Motorcycling Services will lead to “substantial lessening of competition”.
BGL Group founder Douw Steyn, former Saga bosses Sir Roger and Peter De Haan and Admiral founder Henry Engelhardt are among 16 industry figures to make the latest Sunday Times Rich List.
Towergate Insurance Brokers has bought the Education Staff Absence insurance book from Integro and snapped up farm insurance specialist Edwards & Swan Insurance Brokers.
Saga’s in-house underwriter saw profits slide in 2019/20 as its travel operations face continued coronavirus disruption.
The government is likely to make an announcement delaying the much-awaited whiplash claims portal in a matter of days, sources close to the project told Post this week.
Ardonagh Group has agreed to pay Saga £26m for Bennetts Motorcycling Services.
The wait began in 2017, and many of us felt that the agonising limbo might never end. But after two and a half years, the wait is finally over. That’s right: Kesha’s new album is out today.
Saga faced up to claims inflation and a £4m Thomas Cook hit, according to a trading update ahead of its annual results, as it forecast a 3% yearly fall in branded home and motor policies.
Helios has (almost) done his work and got the week done. Probably because he has an oven ready plan. To leave the working week and enter the weekend.
For an industry that strives to understand and manage risk, uncertainty is not something that is relished. But with some market hardening, a final report from the Financial Conduct Authority on pricing practices and the possibility of Brexit all on the…
Saga has appointed Euan Sutherland as the groups incoming CEO, with effect from 6 January 2020, as Lance Batchelor retires.
Disruption caused by any regulatory interventions on insurers’ pricing practices is more likely to affect insurers such as Direct Line Group, RSA and Saga than price comparison site-based underwriters such as Admiral and Hastings, Peel Hunt has predicted.