Allianz, Ageas Mulling Separate Bids for British Insurer Esure, Reuters Says, Citing Sources

Dow Jones

03-11

--German and Belgian insurers Allianz and Ageas are considering separate bids to buy British home and motor insurance company Esure, Reuters reports, citing unnamed sources.

--Surrey, England-based Esure--which is owned by private-equity firm Bain Capital--could be worth at least 1 billion pounds ($1.29 billion), Reuters has reported.

--Spokespeople for Bain, Ageas and Allianz declined to comment to Reuters. Esure referred requests for comment to Bain.

Full story: https://tinyurl.com/3kwwkzsu

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

March 11, 2025 11:50 ET (15:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Esure referred requests for comment to Bain. \n\n\n \n\n\n  Full story: https://tinyurl.com/3kwwkzsu \n\n\n \n\n\n  Write to Ian Walker at ian.walker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 11, 2025 11:50 ET (15:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}