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Belgian insurer buys Sheilas’ Wheels owner Esure in £1.3bn deal

Ageas acquisition will unite two ‘complementary’ firms to create UK’s third-biggest home and motor insurerBusiness live – latest updatesThe Sheilas’ Wheels owner, Esure, will be sold to the Belgian insurer Ageas in a £1.3bn deal that will create the UK’s third-biggest home and motor insurer.Ageas is buying the UK insurer from the private equity firm Bain Capital in a deal funded through a combination of surplus cash and debt or equity. Continue reading...

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