Ageas has reached an settlement with Bain Capital to amass Esure to create what it claims is the third largest UK private strains participant.
The group mentioned the proposed transaction “is totally aligned with Ageas’s strategic priorities for M&A in Europe”.
It added it could improve its Ageas’s European markets presence by means of the acquisition of a managed entity, reinforce its positioning within the UK, generates shareholder worth from the realisation of synergies and enhances the money era of the group.
In a press release it continued: “The mix of Ageas UK and Esure will create the third largest UK private strains platform with a
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