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Saga appoints chief executive of insurance and COO

Saga appoints chief executive of insurance and COO | Insurance Business

Saga appoints chief executive of insurance and COO

Saga Plc, which earlier this year changed the way it sells insurance, will see Cheryl Agius take on the role of insurance chief executive come January.  

The incoming CEO of insurance is making the shift from Legal & General where she most recently served as chief executive of the company’s general insurance (GI) business. There Agius led an organisational transformation and change programme to separate the GI and life divisions.

“I am delighted to be joining Saga to lead the next phase of growth,” commented the seasoned executive, whose credentials also include time spent at Aon Hewitt, Lloyds TSB, and Towers Watson.

“Saga has a great brand and has demonstrated market-leading innovation. I am looking forward to working as part of a strong team and applying our collective skills, to grow the business and develop leading solutions for all our stakeholders.”

Agius will be leading all aspects of Saga’s insurance operations as the Kent-headquartered group brings together its insurance broking, underwriting, and claims management businesses.

Read more: Saga rolls out fixed-price offer after revealing massive loss

Meanwhile, a chief operating officer has also been appointed.

Joining Saga’s executive team on November 25 is Gilles Normand, who has spent the last decade driving change at several companies within French enterprise Covéa Group. The Crédit Agricole alumnus was group CEO at Swinton, Covéa's retail insurer in the UK.

Commenting on his new post, Normand stated: “I’m excited to be joining Saga, a much-loved brand which is going into its next chapter as it progresses the new strategy. I look forward to working with the talented team as we continue the transformation.”

Calling the appointments “important,” Saga chief executive Lance Batchelor said the two will help drive the strategy announced in April.

“They both have strong and very relevant experience of strategic delivery and will build on the momentum we have already created,” noted Batchelor.