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Drakefield Insurance Services Finance Review

 

Drakefield Insurance Services Company Information

 

About The Drakefield Insurance Services Company


Drakefield Insurance Services Limited is an insurance intermediary whose main travel insurance business has been established since 1998. Drakefield was created to acquire and develop travel insurance businesses and has expanded considerably in recent years to encompass significant internal financial and management resources.

The management team includes experienced insurance broking and city professionals with skills in broking, marketing, technology, call centre operations and corporate finance.

Drakefield made its first acquisition in 2004 by purchasing Go Travel Insurance which had made a substantial impact on the internet travel insurance market since it was launched in 2000. They provide for their own brands and other companies brands an end to end travel insurance service - internet, call centre, medical screening and claims.

In 2007 Drakefield Insurance Services Limited sold a controlling interest to the AA.

During 2007 Saga and AA were brought together, a new holding company Acromas Holdings Ltd was formed. Acromas Holdings CEO is Andrew Goodsell who is also CEO of Saga and now chairs the AA. Acromas Group Finance Director is Stuart Howard who becomes Chairman of Drakefield.

Saga Group origins began in the 1950’s to grow to the substantial group today. Saga focus exclusively on the provision of high quality, value-for-money services for people 50 and over. These include holidays to worldwide destinations, including cruises on Saga owned ships, an award winning magazine, insurance and financial service products.

AA Insurance Services celebrated forty years in insurance this year, and is the UK’s largest personal line insurance broker. The AA Limited includes breakdown and publishing, was founded in 1905 and employs 7,000 people with over two million customers. Drakefield looks after over one million passengers and now handles all travel insurance on behalf of the AA.

Drakefield Insurance Services is authorised and regulated by the Financial Services Authority. Registered in England and Wales. Company Registration Number: 03588184

 

West Wing,
6Miles Gray Road,
Basildon,
Essex
SS14 3HJ


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