Reinsurance News
Ageas
Ageas achieves 9% rise in net inflows in 2025 as reinsurance expansion continues
25th February 2026
International insurance group Ageas saw a 9% year-on-year rise in net inflows to €19.6 billion, with a 33% improvement in the net operating result to €1.65 billion in 2025, supported by the continued expansion and solid performance of its reinsurance business in the year. During 2025, reinsurance third-party business inflows increased ... Read the full article
Ageas expects profit boost thanks to China JV performance
19th January 2026
International insurance group Ageas has updated its Net Operating Result guidance as it is now expecting to make significantly more profit in 2025 than originally forecasted thanks to a tax change in China. The updated guidance range is now set between EUR 1.6 and 1.65 billion, a notable rise from the ... Read the full article
Karolien Gielen to succeed Filip Coremans as Ageas Managing Director Asia
29th December 2025
International insurance group Ageas has announced the appointment of Karolien Gielen as Managing Director Asia and Business Development, effective 1 February 2026. Gielen, currently Managing Director Business Development (including Strategy, CDSO, M&A and Communications), will be succeeding Filip Coremans, who has decided to step down after a tenure of more than ... Read the full article
Ageas acquires remaining stake in AG Insurance from BNP Paribas Fortis
8th December 2025
International insurance group Ageas has acquired the remaining 25% stake in its Belgian subsidiary, AG Insurance, from BNP Paribas Fortis for a total consideration of €1.9 billion. With this transaction, which is expected to close in Q2’26, Ageas will become the sole owner of AG, a Belgian insurer operating across multiple ... Read the full article
Ageas completes acquisition of esure from Bain Capital
30th September 2025
International insurance group Ageas has completed its acquisition of esure from Bain Capital for a total consideration of £1.295 billion. Initially announced in April 2025, Ageas confirmed that all necessary regulatory approvals have now been obtained and the transaction has been completed. The acquisition marks a major milestone for the Group, ... Read the full article
esure acquisition credit positive for Ageas: Moody’s
16th April 2025
Moody’s Ratings considers Ageas' recent acquisition of esure is credit positive, as it has the potential to enhance the Belgian insurer’s business and geographic diversification, while increasing its share of earnings from fully controlled operations. On 14 April, Ageas announced that it has reached an agreement with Bain Capital to ... Read the full article
Ageas to acquire esure from Bain Capital for £1.3bn
14th April 2025
Ageas has agreed with Bain Capital to acquire esure, a digital UK personal lines insurer, for a cash consideration of £1.295 billion. Ageas suggested that the acquisition will strengthen its presence in European markets by adding a controlled entity, enhance its positioning in the UK, create shareholder value through expected synergies, ... Read the full article
Ageas Re grows book at Jan 1, accelerates specialty lines development amid softening cat market
27th January 2025
Ageas Re, the reinsurance arm of international insurance group Ageas, grew its book at the January 1st, 2025, renewals, securing €34 million of profitable new business as the firm accelerated its strategy to develop its specialty lines offering in anticipation of a softening catastrophe market. The reinsurer notes that it completed ... Read the full article
Ageas finalises deal to acquire Saga’s underwriting business
16th December 2024
International insurance group Ageas has announced the successful conclusion of exclusive negotiations with Saga plc, a UK specialist provider of products and services to people aged over 50, for Ageas UK to acquire Saga's insurance underwriting business, Acromas Insurance Company Limited (AICL). The negotiations, which began on October 11, 2024, ... Read the full article
Ageas UK reinforces commitment to growth in personal lines broker market with leadership changes
3rd December 2024
As part of its new strategic cycle, Ageas UK has made a number of changes to its Executive leadership team, adjustments that reflect the company's ongoing dedication to achieving growth within the personal lines broker market. As part of these leadership appointments, Adam Beckett, Chief Distribution Officer since 2021, will assume ... Read the full article
Moody’s downgrades Saga Plc’s ratings
22nd October 2024
Moody’s Ratings has downgraded Saga Plc's corporate family rating (CFR) and backed senior unsecured debt ratings to B3 from B2 and the probability of default rating to B3-PD from B2-PD. The rating agency has also changed the company’s outlook to stable from negative. According to the announcement, this downgrade reflects Saga’s constrained ... Read the full article
Ageas in talks to acquire Saga’s underwriting unit and form UK broking partnership
11th October 2024
International insurance group Ageas has confirmed that it has entered into exclusive negotiations to ink two major deals with Saga plc, a UK specialist provider of products and services to people aged over 50. The proposed transaction would see both organisations establish a 20-year partnership for the distribution of personal lines ... Read the full article
Ageas unveils three-year strategic plan for growth
24th September 2024
International insurance group Ageas has unveiled Elevate27, a new strategic plan for 2025-2027 aimed at enhancing the company’s performance by focusing on profitable growth, technical insurance leadership, operational excellence, and improving customer experience. The company also noted that it aims to grow its earnings per share by 6% to 8% on ... Read the full article
Ageas Re generates €67m operating profit in H1’24, CoR sits at 93.1%
28th August 2024
Ageas, the Brussels-headquartered multinational insurer, has reported a total net operating result of its reinsurance segment of €67 million in the first six months of 2024, up from the €66 million figure that was posted in the prior year period. Ageas Re's combined ratio for the period was up compared to ... Read the full article
Ageas to acquire 10% of Taiping Pension’s enlarged share capital
20th May 2024
Ageas has announced that it has finalised an agreement with China Taiping Insurance Holdings (CITH), in order to subscribe to the capital increase of its wholly controlled subsidiary Taiping Pension Co., Ltd (TPP) for a total consideration of RMB 1,075 million (around €137 million). After closing of the transaction, Ageas will ... Read the full article
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