Ageas News

Ageas to Buy UK Insurance Platform Esure for $1.7 Billion

Ageas has agreed to buy British car and home insurer esure from Bain Capital for 1.3 billion pounds ($1.7 billion) in a move that will create the third largest personal lines platform in the UK. The deal, set to be …

Update: Ageas and Allianz Explore Bids for British Insurance Group esure, Sources Say

Belgian insurer Ageas has retained advisors to explore a bid for British motor and home insurer esure, four people familiar with the matter told Reuters, as part of plans to consolidate the UK personal lines market. Germany’s Allianz has also …

Malaysia’s Top Bank Is Said to Weigh Options for Insurer Etiqa

Malayan Banking Bhd. is considering options including buying out Ageas SA’s minority stake in Etiqa as Malaysia’s biggest lender seeks to boost the value of the Southeast Asian insurer, according to people with knowledge of the matter. Maybank, as the …

Bain-Backed Motor Insurer Esure Draws Interest from Aviva, Allianz

Aviva Plc and Allianz SE are among potential bidders for Britain’s home and motor insurance firm Esure Group Plc, according to people familiar with the matter. Sampo Oyj, which owns British general insurer Hastings Group, and Belgium-based Ageas have also …

Update: UK’s Saga in Talks With Belgium’s Ageas for Insurance Partnership

Britain’s Saga said on Wednesday it is in talks with Belgian insurer Ageas on an insurance partnership, sending the holiday group’s shares up more than 14%. Saga, which specializes in packages for people over 50, has faced challenges in its …

BNP Paribas to Acquire Fosun’s Stake in Belgian Insurer Ageas

BNP Paribas, the euro zone’s biggest bank, has agreed to buy a 9% stake in Ageas from China’s Fosun Group for about 730 million euros ($780 million), making it the biggest shareholder in the Belgian insurer. The deal ends months …

Ageas Says It Won’t Make Third Offer for Direct Line Insurance

Ageas said it will halt its pursuit of UK insurer Direct Line Insurance Group Plc after two takeover proposals were rejected this year. The Belgian insurer had put forth an offer valuing Direct Line at about £3.2 billion ($4.1 billion) …

UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation

Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the British home and motor insurer tries to fend off takeover offers from Belgian rival Ageas. The 189.6 million pound ($242.6 …

BNP Paribas Considers Buying Fosun’s Ageas Stake

BNP Paribas SA is considering a potential acquisition of Fosun International Ltd.’s stake in Belgian insurer Ageas, according to people with knowledge of the matter. The French lender has been holding discussions on a possible purchase of Fosun’s holding in …

Update: UK Insurer Direct Line Rejects Ageas’ Sweetened Buyout Proposal

Britain’s Direct Line said on Wednesday it had rejected a revised 3.17 billion pound ($4.06 billion) takeover bid from Belgian rival Ageas, repeating that it “significantly undervalued” the home and motor insurer. Direct Line, a household name in insurance in …