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Ageas acquires Castle Cover for £53m

Barry Smith

Ageas UK has acquired over 50s specialist Castle Cover in a £52.8m deal. The insurer said that the purchase will increase its customer numbers to around eight million.

Castle Cover will sit alongside over 50s specialist Rias and Kwik Fit Insurance within Ageas' retail division, bringing its customer base up to two million.

The intermediary brings 280 000 customer

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