Belgium-based Ageas completes £1.3bn acquisition of UK insurer Esure from Bain Capital, creating a balanced distribution model. Esure to operate as separate entity within Ageas UK. CEO Ant Middle to lead combined company, with former Esure executives stepping down. Merger aims to establish leading UK personal lines insurer in motor and home insurance. Acquisition part of Ageas strategy to strengthen UK market presence and pursue growth.

Read more at Yahoo Finance: Ageas closes $1.7bn acquisition of Esure