Ageas has entered unique negotiations with Saga on a 20-year affinity partnership and shopping for Acromas in a bundle value as much as £207.5m.
Partnership talks between the pair had been first revealed at first of the month.
Broking enterprise Saga Providers distributed over £479m of gross written premium throughout motor and residential within the 12-months to the tip of July.
As beforehand reported by Insurance coverage Age, for the 12 months ended 31 January underwriting enterprise Acromas had an underlying loss earlier than tax of £1.4m, swinging into the purple after a £107m revenue within the prior 12 months. Gross underlying income rose 7.1% to £169.8m, because the mixed working
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