Ageas sues Kwik-Fit over insurance arm deal
Ageas is suing Kwik-Fit over liabilities relating to the £215m purchase of the company's insurance arm in 2010.
According to The Independent, the insurer has issued a writ in the High Court.
The paper reported that the case related to liabilities the insurer did not believe it was made aware of at the time of the sale of Kwik-Fit Financial Services.
The article also noted that Kwik-Fit had yet to acknowledge the writ.
At the time of the purchase Ageas, then named Fortis, said the deal would add 600,000 customers with 1.2 million policies to its customer base.
A Kwik-Fit insider told The Independent that
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