Ageas and Allianz explore bid for British insurance group esure, sources say

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Ageas and Allianz explore bid for British insurance group esure, sources say

//business-finance.news-articles.net/content/202 .. r-british-insurance-group-esure-sources-say.html

Published in Business and Finance on Tuesday, March 11th 2025 at 10:00 GMT by Reuters

Ageas and Allianz are exploring a potential joint bid for British insurance group esure, according to sources familiar with the matter. This interest comes as esure, which was acquired by private equity firm Bain Capital in 2018, is now being considered for sale. The discussions are in the early stages, and there is no certainty that a deal will materialize. Esure, known for its car and home insurance products, could be valued at around 1 billion pounds ($1.28 billion) in a sale. The potential acquisition would align with the strategic interests of both Ageas and Allianz in expanding their presence in the UK insurance market.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/ageas-allianz-explore-bid-british-insurance-group-esure-sources-say-2025-03-11/ ]