Homeserve and Domestic & General have begun speculating on a potential joint operation
Homeserve has approached Domestic & General Group (D&G) with a view to entering into discussions about a potential merger.
Homeserve believes a joint operation would help accelerate Homeserve’s strategy of providing total home emergency cover. Homeserve’s said that in the event of a combination it would transfer primary underwriting risk to an insurance partner, in line with Homeserve’s current business model.
The approach is at a preliminary stage and there is no certainty that an offer for D&G or any other transaction will result.
D&G said: “There is no certainty that the approach or any discussions will lead to an offer or any transaction.”