Saga and New Re sign motor QS agreement

UK specialist over-50s insurer Saga has signed an exclusive quota
share agreement with Munich Re subsidiary New Re, the company
announced today (30 March).
The agreement will cover 75 percent of the risk from Saga's
in-house motor underwriter AICL.
The initial agreement is for three years, after which it can be
extended under the same terms for a further three years.
Saga said the move was in line with its broader strategy, and
would significantly reduce the company's exposure to...