Ageas UK and Groupama in exclusive discussions

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Ageas UK and Groupama have announced they are in exclusive discussions in the UK.

The talks are about the sale of Groupama's UK non-life insurance business excluding its broker operations.

In a joint statement today they stated: "The exclusivity is granted for a period of approximately four weeks. Both parties will refrain from any further comment until the discussions have been concluded."

Groupama Insurances offers a range of personal accident, car, motorcycle, home, travel and commercial insurance in the UK with gross written premium reaching £408m as at 31 December 2011.

Groupama's individual personal accident insurance provides cover for; accidental death, loss of limb or limbs, eye or eyes and hearing; and disablement if accidental bodily injury was sustained.

It also provides business personal accident insurance offering a company benefit in the event of accidental death or disablement sustained by an insured employee.

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