Slaughter and May is advising Ageas Insurance Limited on the sale of its UK commercial lines front book business to AXA Insurance UK PLC

Ageas Insurance Limited has today (15 February 2022) announced agreement for the sale of its commercial lines front book business to AXA Insurance UK PLC for an initial purchase price of £47.5 million. The transaction represents the latest step in the execution of Ageas’s UK strategy of focussing on its market-leading personal lines business.

Slaughter and May is acting for Ageas Insurance Limited, working closely with the in-house legal team led by UK General Counsel, Bruce Love, and Group Legal Counsel (M&A), Julianne Ellis.