Bain Capital considers Esure sale following a profit decline amid potential buyer Ageas.
Bain Capital is reportedly contemplating the sale of Esure, the home and motor insurer it acquired for £1.2 billion in 2018. Following a decline from a £49.8 million profit in 2022 to a £16.7 million loss in 2023, the firm has engaged advisors for a potential transaction. Belgian insurer Ageas is mentioned as a possible buyer, although it has not commented on the speculation.
September 16, 2024
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