Ageas: 20-year partnership with UK's Saga
(CercleFinance.com) - Ageas announced on Monday that it had successfully concluded the exclusive negotiations it began in October with Saga, a UK provider of products and services for the over-50s, with the establishment of a 20-year partnership.
Under the terms of the agreement, Ageas UK and Saga Service Limited (SSL) will join forces to distribute personal motor and home insurance products to Saga's customers in the UK.
At the same time, Ageas UK plans to acquire Saga's insurance underwriting business, called 'Acromas Insurance Company Limited' (AICL).
Ageas explains that the agreement is in line with its 'Elevate27' strategic plan, which aims to leverage its presence in the European non-life sector, increase its commercial scale and diversify its capital.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Under the terms of the agreement, Ageas UK and Saga Service Limited (SSL) will join forces to distribute personal motor and home insurance products to Saga's customers in the UK.
At the same time, Ageas UK plans to acquire Saga's insurance underwriting business, called 'Acromas Insurance Company Limited' (AICL).
Ageas explains that the agreement is in line with its 'Elevate27' strategic plan, which aims to leverage its presence in the European non-life sector, increase its commercial scale and diversify its capital.
Copyright (c) 2024 CercleFinance.com. All rights reserved.