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Saga reveals executive shake-up

Saga reveals executive shake-up | Insurance Business

Saga reveals executive shake-up
It looks like it’s “New Year, new me” for over-50s insurer Saga, as it announced today several changes to its group executive structure.

As part of the shake-up, former Saga Cruises chief executive Robin Shaw becomes Saga Travel CEO – a new role. The appointment is a combination of the tour operations and cruise positions, after Saga restructured its travel business.

Jeannette Linfoot, who served as tour operations managing director, left Saga at the end of 2017.

Meanwhile Gary Duggan has taken over as Saga Services chief executive, replacing Roger Ramsden who is exiting the company this quarter following a phased handover. Duggan became part of the retail broker last September as CEO designate.

“Roger was due to take up a new role within the Group but this will now not be taken forward following the review of the Group’s operating structure,” explained the firm in its announcement.

The new Saga Services head – who worked for the likes of GE and Barclays – will also be in charge of the group’s financial services unit Saga Money. Prior to joining Saga, Duggan was managing director of BGL’s general insurance partnerships business.

“These changes provide us with a more focused executive team as we target and invest in growth in the Saga customer base to achieve our long-term ambitions,” said Saga Plc chief executive Lance Batchelor. “Roger and Jeanette leave with my warmest thanks for the significant contributions they have made to the business and I wish them both all the best for the future.”

Saga’s offerings include cruises and holidays, insurance, personal finance, and publishing.

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