Insurance
2024
Advisor to
on its 20-year motor and home insurance partnership, and the acquisition of Saga’s Underwriting business
Completion subject to customary conditions (including regulatory approvals)
Advisor to Ageas on its motor & home insurance partnership, and acquisition of Saga's underwriting business
Ageas has entered a 20-year partnership with Saga’s Insurance Broking business, to operate Saga’s motor and home insurance products.
Ageas will take on pricing and underwriting, claims, customer servicing activities and price-comparison website distribution, with Saga retaining responsibility for brand and direct marketing. In addition, Ageas will acquire Saga’s Underwriting business.
The transaction presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK, adding scale to a core European market of the Group.
Continuum Advisory Partners acted as financial adviser to Ageas in connection with the transaction.
Link to press release: Ageas and Saga confirm 20-year partnership and M&A binding agreement | Insurance Times
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Continuum Advisory Partners Limited ("Continuum") is incorporated and registered in England and Wales with registered no. 14189636. Continuum is an appointed representative (Firm Reference Number 979923) of Kroll Securities Ltd., which is authorised and regulated by the Financial Conduct Authority.