Ageas in talks to acquire Saga’s underwriting unit and form UK broking partnership
International insurance group Ageas has confirmed that it has entered into exclusive negotiations to ink two major deals with Saga plc, a UK specialist
Belgium's Ageas in Exclusive Talks for Insurance Broking Partnership With UK's Saga
LONDON (Reuters) - Belgian insurer Ageas is in exclusive talks to set up a 20-year motor and home insurance broking partnership with British over-50s holiday group Saga, the two companies said on Friday. Under the deal, Ageas would also buy Saga's insurance underwriting business for 67.5 million pounds ($88.1 million).
Saga PLC in Exclusive Talks With Ageas Over Sale of Underwriting Business, Insurance Partnership -- Update
Saga PLC said it is in exclusive negotiations with Belgium's Ageas to sell its insurance underwriting business and to establish a motor and home insurance partnership in a deal valued at 147.5 million pounds ($192.6 million).
Saga cruises towards insurance tie-up with Belgian rival Ageas
The over-50s group said it has agreed to sell its insurance writing business to the same firm, Ageas, for £67.5m.
UK's Saga shares soar on exclusive insurance talks with Belgium's Ageas
LONDON (Reuters) -Shares in Saga soared 11% on Friday after the British over-50s holiday group and Belgian insurer Ageas said they were in exclusive talks to set up a 20-year motor and home insurance broking partnership and after Saga reported underlying profits which more than tripled from a year earlier.
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