Ageas has finalized a major 20-year partnership with Saga, acquiring its underwriting entity Acromas for £207.5 million, including an upfront payment of £80 million. This collaboration aims to enhance Ageas’s footprint in the motor and home insurance sectors, amidst challenges in the UK insurance market that have eroded consumer trust. The deal, which includes performance-based contingent payments, marks a pivotal move for both companies. Source and details of the news