McMillan steps down as Ageas completes Esure takeover
Ageas has completed its purchase of Esure from private equity house Bain Capital first announced in April this year.
With the £1.3bn deal going through Esure CEO David McMillan and chief financial officer Peter Bole will step down from their respective roles.
Peter Martin-Simon, currently chief commercial officer, will now become CEO of Esure reporting to Ageas UK CEO Ant Middle who will lead the combined business.
Alistair Smith, currently director of finance, will assume the role of CFO of Esure, reporting to Martin-Simon.
PresenceThe takeover creates a personal lines insurer with a strong presence in both
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
SRG reveals deal spend in takeover year
Specialist Risk Group’s parent spent £327.32m on 10 deals in 2024, the year the takeover by Warburg Pincus and Temasek completed.
Podcast: Reid and Clegg present Double Indemnity, episode five – Howden’s Peter Blanc
Peter Blanc, head of global M&A at Howden, sits down with industry provocateurs Stuart Reid and Toby Clegg to run the rule over the state of the market in the latest edition of Insurance Age’s Double Indemnity podcast.
First Central confirms job cut plans
Insurer First Central has confirmed proposed plans to cut staff numbers by around 160, with most taking effect in late January 2026.
Newbie News: Merlin Insurance Brokers
Richard O’Brian, founder and CEO of Merlin Insurance Brokers, has targeted growing the property and construction specialist broker by 80% in 2026 and already has an application in to the FCA to be fully authorised.
Bridgehaven completes on first deal as it eyes European expansion
Bridgehaven Europe has completed its acquisition of SureStone Insurance DAC, following receipt of all required regulatory approvals.
Clear moves into Scotland with Cairn Corporate buy
Clear Group has made its first purchase in Scotland snapping up commercial broker Cairn Corporate based in Kirkcaldy, Fife.
BP Marsh founder steps down as Topping takes on CEO role
Serial insurance investor Brian Marsh who founded BP Marsh & Partners has stepped down from his executive role as Dan Topping becomes CEO with immediate effect.
Consilium rolls out UK contractors all risks
Wholesale broker Consilium has launched a UK contractors’ all risks facility through its risk solutions division.