Saga confirms underwriting sale talks
Over 50s-group Saga has confirmed ongoing talks to sell its underwriting business Acromas Insurance.
In a statement on the London Stock Exchange this morning, Saga detailed there was no certainty that a deal for Acromas would take place.
1.69mSaga has 1.69m policies in force across insurance and Acromas underwrites 25% to 30% of its business.
Saga has 1.69m policies in force across insurance and Acromas underwrites 25% to 30% of its business.
The news was first revealed by The Sunday Times which reported that Saga was seeking up to £90m as it looks to pay down its £721m group debt
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