International insurance group Ageas – which has appointed Hans De Cuyper, chief executive of Belgian subsidiary AG Insurance, as incoming Ageas CEO – isn’t interested in the offer put forward by BE Group. 

“In response to media reports,” the company said in a brief statement, “Ageas confirms that it was approached recently by representatives of BE Group with an indicative and highly conditional offer on Ageas.

“The Ageas board of directors assessed the indicative proposal but considered it not realistic and has decided not to engage.”

Ageas, a provider of both life and non-life insurance products, did not disclose financial details of the dismissed offer.