Saga rides off with motorcycle insurance firm
News from Telegraph.co.uk:

Saga already insurers 20,000 motorbikes and thinks the acquisition will bring one in five bikers in the UK onto its books. The 85-year-old Bennetts brand will remain in use following the deal.

“This fits with our strategic ambition to drive growth through our insurance broking operations,” said Lance Batchelor, chief executive of Saga.

“Bennetts sits perfectly within our business model: a capital light, cash generative business that will seamlessly integrate with our database to quickly deliver tangible returns.”

Saga has 10.6 million older customers on its database for services including cruise holidays, savings accounts and insurance.

The firm floated last year, with a market value of £2.5bn, but its shares have remained under pressure amid questions over its main focus.

Saga held a capital markets day earlier this month to highlight its insurance arm for analysts and investors, though the firm joined the London market in the consumer services sub-section, which typically comes with a higher share price as a multiple of earnings.

Bennetts reported revenue of £17m and gross written premiums of £31m in the year ended June 2014.

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Homeowner Insurance Policy Quotes Added to State Provider Database at …
News from Insurance News Net:

Miami, FL (PRWEB) January 29, 2015

American homeowners who are beginning to search on the web for rates in 2015 from insurers can now access the Quotes Pros website to find state pricing. The homeowner insurance policy quotes that are now available to review now include state companies at http://quotespros.com/homeowners-insurance.html.

Property owners who prefer to work with a company that is based in their state to help provide a protection plan for a single or multi-family home could benefit from using the search portal for this year. The statewide agencies that now appear to provide homeowner insurance prices accept zip codes as a search modifier.

“One of the drawbacks to searching for insurance coverage on the Internet is the personal information that is often required to be shared with insurers before prices are generated,” said one QuotesPros.com rep.

The open system meant for price research at the Quotes Pros website uses zip codes instead of personal data to provide a basic list of companies that provide policy rates on the web. This o…………… continues on Insurance News Net

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