Ernst & Young to run the slide rule over insurance firms
Acromas could sell AA Insurance and Saga after appointing Ernst & Young to value the firms, according to Reuters.
Ernst & Young has been appointed to carry out pre-sale due diligence on the firm, and will be pricing Saga as well.
AA Insurance could be sold or floated for up to £5bn.
Acromas was created in 2007 after a £6.1bn merger between AA Insurance and Saga, and is backed by private equity firms including Charterhouse, CVC and Permira.
However, an Acromas spokesman declined to tell Reuters if it had appointed Ernst & Young and denied any plans for a sale.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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