Reinsurance News

Esure

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

Andy Haste appointed new Group Chairman of Canopius following record-breaking year

23rd May 2024

Specialty re/insurer Canopius has appointed Andy Haste as its new Group Chairman, effective July 1, 2024, bringing extensive executive and non-executive experience to the role. He will chair the Group Board as Canopius aims to achieve its future goals following its record-breaking results in 2023. Haste has had a notable ... Read the full article

David McMillan departs QBE to become CEO at esure

17th May 2019

esure Group plc has announced that David McMillan, current Group Chief Operating Officer at QBE, is to join the company as Chief Executive Officer (CEO) in August 2019. McMillan joined QBE in September 2017 and has since been based in the re/insurer’s London office. Prior to this, he was CEO for Europe ... Read the full article

Bain Capital & esure reach agreement on £1.21bn takeover

14th August 2018

The Independent Directors of esure have reached an agreement with the board of Bidco, a wholly-owned subsidiary of funds advised by Bain Capital Private Equity, LP, and its affiliates, on the terms of an all cash offer for the entire issued and to be issued share capital of esure by ... Read the full article

Bain Capital in discussions to acquire UK insurer esure

14th August 2018

After receiving an unsolicited acquisition offer from U.S. domiciled private multi-asset alternative investment firm, Bain Capital Private Equity, LP and its affiliates, UK insurer esure Group is considering a possible deal. According to a recent announcement, the Board of esure Group notes the recent positive movement in the company's share price ... Read the full article

Ogden change drives Esure’s motor reinsurance renewal cost up by 33%

7th March 2018

The change in the Ogden discount rate to -0.75% in 2017 has resulted in the like-for-like cost of Esure's motor reinsurance programme renewal increasing by 33%, according to the firm's full-year 2017 earnings release. The UK motor specialist explains that it has reinsurance protection in place for both its home and ... Read the full article