shutterstock_249232966

18 March 2024Insurance

Ageas said to strike unconvincing tone in Direct Line takeover bid

Belgian-French multinational insurer Ageas has proven to be a rather unconvincing suitor for UK rival Direct Line, with an indicative takeover bid and later sweetener well short of analyst and market hopes.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Ageas bumps bid for Direct Line, gets rebuff from target & markets

13 March 2024 Stock market investors seem to consider the price boost skimpy, send shares down.

Ageas eyes Direct Line in bid for European non-life, quickly rebuffed

29 February 2024 Shares closed less than half the gap to the bid, signaling low faith a deal can be cut.

Ageas reshuffles executive committee, creates reinsurance role

24 January 2024 It has created a new role: managing director reinsurance & investments.

More articles

Delegated authorities ride E&S growth, despite ‘double-edged’ risks

Rokstone launches $10m facility to cover global perils with NormanMax

CFC continues transaction liability expansion with new European office

WTW teams up with Kayna and Vibrant to enhance cybersecurity insurance

Britannia P&I to seek minimum 7.5% rate gain from members in 2025/6

Root Platform launches programme to upskill insurance industry coders

Property looks perma-hard, but never care-free, says Zurich’s Greco

Allstate faces $4.8bn YTD cat losses

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze