Ageas UK confirms Groupama buy

Barry Smith

The deal follows the announcement of exclusive discussions on 7 September.

It will see Ageas become the fifth largest UK non-life insurer with a 5.2% market share, the fourth largest private motor insurer with a 11.7% market share and the fourth largest personal lines insurer with a 7.1% market share.

The transaction excludes Groupama's UK broking operations.

Based on 2011 non-life income of Ageas UK and Groupama the gross written premiums of Ageas UK as a result of the acquisition would

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: