Saga hikes profit expectations following Ageas deal Business Saga, the financial services and travel provider for over-50s, has said it expects to report an underlying profit before tax above previous guidance. In a trading update, the firm said it expected underlying profit before tax for the last six months of 2024 to come in marginally higher than the year before. Saga’s travel arm [...]
Direct Line agrees £3.7bn Aviva takeover insurance Direct Line’s board has agreed to accept Aviva’s £3.7bn takeover of the insurer, bringing to an end the firm’s run as an independent company. In a stock exchange announcement this morning, Direct Line’s board endorsed Aviva’s latest £3.7bn offer for the business. Under the terms of the deal, shareholders will receive 0.2867 Aviva shares, along [...]
Ageas to acquire part of Saga’s insurance business in 20-year deal insurance Saga, the financial services and travel provider for over-50s, has begun a 20-year partnership for motor and home insurance with Belgian insurance giant Ageas. Ageas’ UK arm will take over Saga’s price-comparison website, pricing, claims and customer service activities, while Saga will hold onto brand and direct marketing. Under the terms of the deal, Saga [...]
How Aviva and Ageas could go head-to-head in Direct Line bidding war November 29, 2024 The stage is set for a bidding war after Aviva threw Direct Line back into the takeover spotlight with a £3.3bn approach.
Ageas: Belgian insurer mulls UK takeover after failed Direct Line bid October 6, 2024 Belgian insurance giant Ageas is open to making further takeover bids for British companies after a failed attempt to snap up Direct Line earlier this year.
Saga in talks with Belgium’s Ageas over insurance deal October 2, 2024 Saga, the British financial services and travel provider for over-50s, has said that it is in talks with Ageas for a deal involving its insurance arm as it looks to reduce debt.
Direct Line is now on price comparison sites – what does this signify? July 11, 2024 Direct Line was one of the last big insurers to resist the lure of price comparison websites. Until now.
Direct Line to put flagship brand on price comparison sites for the first time July 10, 2024 Direct Line will list its signature brand on price comparison sites for the first time in its history, having held off doing so for years.