Sign Up
Login

Ageas on hunt for UK takeover after failed Direct Line bid

Written by Adam Cadle
07/10/2024

Belgian insurer, Ageas, is on the hunt for a takeover bid for more British companies after its failed attempt to snap up Direct Line earlier this year.

Ageas had made two approaches for Direct Line, but eventually abandoned its takeover attempt in March, after Direct Line’s board unanimously rejected the swoop as “highly opportunistic”.

“If there is an interesting opportunity we will look at it,” Hans de Cuyper, Ageas’ CEO, told The Sunday Times.

His comments come shortly after Saga confirmed it was in talks with Ageas for a deal involving its insurance arm.


Share Story:

Related Articles

  There are no related documents to show at this time.

BANNER

Understanding Capital Solutions
Adam Cadle talks to HSBC Asset Management’s head of capital solutions, Borja Azpilicueta, and head of insurance business, Deepak Seeburrun, about the firm’s capital solutions proposition.

BANNER

Impact Investing roundtable

A Different Approach to Direct Lending
Adam Cadle talks to HSBC Asset Management’s head of direct lending UK & Europe, Tom Green, and head of insurance business, Deepak Seeburrun, about the firm’s direct lending proposition.
Most read stories...
Portfolio optimisation in today’s challenging market environment
Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it
World Markets (15 minute+ time delay)

Pictet-roundtable

European insurance companies renumeration

European Loans roundtable

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017