Brokers react positively to Ageas snapping up Groupama’s UK business

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The wait is finally over. Groupama’s UK business – excluding its broker operations – has been sold, to Ageas, for £116m. And the news has been greeted by brokers with a mix of relief and approval, and very little surprise.

In the main, the industry appears to see the deal as a good match. This, according to Barry Smith, chief executive at Ageas UK, was one of the main reasons behind the decision to buy Groupama. “There’s a significant alignment of knowledge and products, but in different parts o