Talks between Saga and Australian insurtech Open Insurance coverage Applied sciences to promote underwriting trade Acromas Insurance coverage have ended with out a deal, the over-50s specialist has showed.
In a London Inventory Change announcement on Thursday (2 March) Saga published the “termination” of the discussions however didn’t elaborate on why the sale had damaged down nor the following steps.
Saga first showed the talks to promote Acromas on 23 January updating on 10 February that it was once in “unique” negotiations with Open.
Sydney-headquartered Open, which specialises in white label and embedded insurance coverage, was once named as Australia’s 7th quickest rising corporate within the Speedy 100 Listing for 2021.
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