Ageas acquisition will unite two ‘complementary’ firms to create UK’s third-biggest home and motor insurer
The Sheilas’ Wheels owner, Esure, will be sold to the Belgian insurer Ageas in a £1.3bn deal that will create the UK’s third-biggest home and motor insurer.
Ageas is buying the UK insurer from the private equity firm Bain Capital in a deal funded through a combination of surplus cash and debt or equity.
Continue reading...
