The Sheilas’ Wheels owner, Esure, will be sold to the Belgian insurer Ageas in a £1.3bn deal that will create the UK’s third-biggest home and motor insurer. Ageas is buying the UK insurer from the private equity firm Bain Capital in a deal funded through a combination of surplus cash and debt or equity. The Belgian firm had tried to expand its UK presence by bidding for the car insurer Direct Line twice last year, but was unsuccessful. Direct Line is being taken over by the UK’s biggest insurer Aviva in a £3.7bn deal instead. Esure, which owns the esure
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