Saga appoints insurance veteran James Quin as CFO

20th Sep 2018 08:08

(Sharecast News) - Saga, which specialises in products and services for the over-50s, has appointed insurance veteran James Quin as group chief financial officer with effect from 1 January 2019.Quin joins the company from Zurich Insurance Group, where he was UK chief financial officer. He has more than 28 years of senior leadership experience with Zurich, as an equity analyst with several sell side institutions and as a chartered accountant with PwC.Group chief executive office Lance Batchelor said: "I am delighted to have recruited someone of James's experience and calibre as CFO. He has extensive strategic, investor and operational finance experience within the Insurance industry and will be a valuable member of the leadership team as we target investment in new customer acquisition to deliver long term value for the group."Quin said: "I'm really pleased to be joining Saga and look forward to working with the management team to build upon recent investments and initiatives which will support the next exciting chapter for the business."Peel Hunt said this was a "timely and welcome appointment" and brings to the role a CFO "steeped in insurance sector experience"."Given Saga's large insurance broking and significant insurance underwriting businesses, James Quin will have the necessary knowledge of the financial and operational performance criteria to effectively manage and help guide Saga forward, in our view," Peel said.At 0835 BST, the shares were down 0.3% to 125.80p.