Saga
Bennetts will be run as 'standalone business' says Saga Services CEO
Motorcycle broker Bennetts, which agreed to be acquired by over 50s insurer Saga yesterday (29 January) will be largely run as a standalone business according to Roger Ramsden chief executive of Saga Services.
Saga shares climb 11% on Bennetts announcement
Over-50s specialist Saga has seen its share price surge by more than 10% in a day’s trading following an announcement that it would pay £26.26m to acquire motorbike broker Bennetts.
Saga buys Bennetts in £26.26m cash deal
Saga is to pay £26.26m in cash to BGL Group to buy specialist broker Bennetts, in a deal that will grow the over-50s insurer's existing motorbike customer base more than ten-fold.
ABSs highlighted as claims upsurge threat as CMC numbers dwindle
The rapid demise of claims management companies and the subsequent reduction in bodily injury claims is in danger of being offset by the future strategy of insurance companies with alternative business structures, according to market observers.
Saga launching motor panel to expand customer base
Saga has created a new panel of motor insurers to build out its client base, while also plotting to double takings from its travel business.
Saga sets joining date for new CFO Hill
Saga’s incoming chief financial officer Jonathan Hill will be joining the firm in April, the over-50s insurance specialist has revealed.
Saga selects Arc Legal for landlord legal expenses cover
Saga has chosen Arc Legal Assistance to provide a landlord legal expenses policy within its landlord home insurance product.
Saga sees pre-tax profits drop as group hit by £50m IPO costs
Pre-tax profit at Saga dropped by £60m in the six months to 31 July 2014 with IPO costs totalling £50.8m.
Customer satisfaction index ranks LV as best performing insurer
LV and Saga Insurance were the insurance industry’s sole representatives in the top 50 organisations listed in the Institute of Customer Service’s UK customer satisfaction index.
Oliver steps down as CEO of Parabis
Parabis Group has no immediate plans to appoint a successor to outgoing chief executive Tim Oliver, who is to become deputy chairman and take on a new non-executive board role.
Saga floats on main market of LSE
Shares in over-50s insurance specialist Saga were today admitted to trading on the London Stock Exchange.
Slashed offer price sees Saga valued at £2.1bn
Saga executive chairman Andrew Goodsell has expressed his satisfaction at the demand for Saga shares after the offer price was cut to 185p resulting in a market capitalisation value of £2.1bn.
Saga lowers float price range
Saga has narrowed the price at which it will sell shares in an upcoming London Stock Exchange floatation, moving towards the lower end of the range.
Saga confirms £550m float plans
Saga has formally declared its plans to launch an initial public offering for at least 25% of the business, raising £550m.
Union bosses to protest AA debt loading ahead of Saga float
GMB union leaders will hold a protest outside the London Stock Exchange on Wednesday over the expected loading of £4bn debts on the AA motoring organisation once Saga floats.
Saga eyeing £3bn float for next week, states report
Acromas-owned insurer Saga is plotting to enter the UK stock market as soon as next week according to reports.
Saga looks to customers for interest in IPO plans
Over-50s insurer Saga is to determine customer interest in its proposed stock market float with an online campaign where consumers can register their interest in becoming shareholders.
Domino's Pizza CEO to lead Saga to market flotation
Saga is expected to unveil outgoing Domino’s Pizza chief executive Lance Batchelor as its new CEO in May next year, as the over 50s travel and health insurer steps up plans for a market float.
AA boss Strong moves to Saga
AA chief executive Andrew Strong is to move to sister company Saga from 1 December, with a replacement expected to be confirmed by the end of Q1 next year.
Motor market urged to get on-board with My Licence
The Association of British Insurers is calling on the motor insurance market to sign up to My Licence to reduce fraud and improve policy applications.
Saga appoints IPO advisor
Acromas-owned insurer Saga has appointed STJ Advisors ahead of a 2014 float.
Gibraltar-based motor insurers outperform UK counterparts
Niche offerings help domiciled firms achieve sub-100% CORs.
ABI unveils rehab insurer panel
The Association of British Insurers has revealed the make up of a new rehabilitation panel to provide a unified voice for insurers.
Saga eyes Q1 listing
The private equity owners of travel and insurance specialist Saga are said to be planning a £3bn stock exchange listing early next year.