Ageas closes $ 1.7 billion from ESERE

The Belgium -based Ageas has ended the previously announced acquisition on Esure Group, a personal lines insurance company in the United Kingdom, from Bain Capital.

It was initially announced in April of this year, which was initially announced in April of this year, which was initially announced in April of this year, which was initially announced in April this year, which was initially announced in April this year, which was initially announced in April of this year, which was initially announced in April this year, the transaction of 1.3 billion pounds (1.7 billion dollars) was closed approximately, announced. Initially in April this year, after receiving complete organizational approval.

Esure will initially work as a separate entity within the Ageas UK, while maintaining its current commercial customer service brands.

Ageas said that the deal establishes a balanced distribution form through direct channels to the customer, price comparison sites, brokers and partnerships.

As part of the acquisition, Ageas UK will lead the CEO of Ageas Ant Middle, the joint company, while David McMelan and Peter Paul will rely from their positions of CEO and chief financial officials (CFO) in Esure.

Peter Martin Simon, the former chief trading official at Esure, as CEO, will be appointed to submit reports to Middle, and Alistair Smith will take over as the company’s financial manager.

“By uniting the strengths of our pioneering mediator and partnerships with a leading market leading to the lens and harnessing the specialized experience that we have now through our partnership with SAGA, we build a sustainable and successful personality insurance company in the long run.

“Our vision in Ageas UK has been always clear: to reach the platform as one of the three best personal lines for personal companies. Today, we are not only entering this platform, we aim to play a pioneering role in determining the future of personal lines insurance in the UK.”

Ageas stated that the integration of commercial companies will lead to a leading insurance company in the United Kingdom, with a strong car insurance and home insurance.

The acquisition is part of its strategy to enhance its mark in the UK market and follow -up growth in the main areas where it can achieve the range and provide a long -term value.

In December last year, Ageas agreed to obtain Saga’s Business subscription insurance And engaging in a long -term partnership with the UK’s insurance company. This deal, at a value of $ 186.1 million (158.77 million euros), is closed in July 2025.

“Ageas closes $ 1.7 billion in ESURE” was originally created and published by International Life InsuranceThe brand owned by Globaldata.

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