Acquiring Company
Ageas
Acquired Company
Saga
Mumbai
LondonFinancial ServicesInsuranceFinancial ServicesTravelDescription
Ageas has entered into exclusive negotiations with Saga plc to establish a 20-year partnership with Saga Services Limited for the distribution of personal lines Motor and Home insurance products to Saga's customers. Additionally, Ageas would acquire Saga's Insurance Underwriting business, AICL, aligning perfectly with Ageas’s strategy to accelerate solutions targeted at an ageing population, while enhancing its position as a leading personal lines insurer in the UK.
Quick answer
Ageas is acquiring Saga, announced October 11, 2024. Ageas is based in Mumbai, Maharashtra, India.
- How much did Ageas pay for Saga?
- The deal value was not disclosed.
- What does Ageas do?
- Ageas is an international insurance group with a heritage spanning almost 200 years.
- Where are Ageas and Saga based?
- Ageas is based in Mumbai, Maharashtra, India. Saga is based in London, England, United Kingdom.
- Who are the decision-makers at Ageas?
- Fundz holds 5 contacts at Ageas. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Insurance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Hub International Limited acquires ANCO Insurance Managers, Inc. to strengthen insurance solutions in Texas (November 11, 2024)
- Republic Financial completes acquisition of SLP Financial, expanding product portfolio with mortgage protection services (October 9, 2024)
- AXIAN Group acquires strategic stake in WiASSUR to strengthen African insurance footprint (September 26, 2024)
- World Insurance Associates LLC acquires Skylands Insurance Group to expand insurance services (November 12, 2024)
- The Hartford and Coalition join forces to expand active cyber insurance in the U.K. (November 10, 2024)
- Brown & Brown (Europe) Limited completes acquisition of Crosby Insurance Brokers to strengthen business insurance capabilities (November 6, 2024)
Who to call at Ageas, and when
When Ageas changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Ageas raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ageas, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Saga?
Saga was acquired by Ageas, based in Mumbai. The deal was reported on October 11, 2024. Ageas is an international insurance group with a heritage spanning almost 200 years. Ageas is privately held and operates in Financial Services.
When did Ageas acquire Saga?
Ageas's acquisition of Saga was reported on October 11, 2024. Ageas has entered into exclusive negotiations with Saga plc to establish a 20-year partnership with Saga Services Limited for the distribution of personal lines Motor and Home insurance products to Saga's customers. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Saga do?
Welcome to Saga. Follow us to learn about life in our business and our unique range of products for people over 50. It is privately held, operating in Financial Services, and is based in London.
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