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The business will still look at large non-life deals in particular in-the-money ADCs. -
The acquisition will position Ageas as one of the top three UK personal lines insurers.
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The book of business comprises both personal and commercial lines.
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The IGH closure is bitter for employee investors left with nothing – but such investments are inherently risky.
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The reinsurer said the probe concerns the alleged involvement of its former chairman.
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The strategic investment supports Icen’s international ambitions.
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An issue has emerged in diligence, and Howden has a complex consortium to align.
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Under the proposals, Ardian would become the French broker’s main financial investor.
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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
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The merger is set for April 2027, subject to regulatory approval.
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The shares will be purchased via the open market or private third-party transactions.
