Insurer blames adverse weather for profit decline to £21.4m and COR which deteriorated to 102.0%.
Ageas has blamed adverse weather on falling profits and a deteriorating COR for 2015. Its results for 2015 showed that net profit fell to £21.4m from £80.4m in 2014. The insurer noted weather impacts...
Calm called for as insurers insist it will be "business as usual" and Biba pledges to represent brokers in Brexit negotiations.
Brokerbility chairman appeals for calm and says brokers need to watch how the insurers will react.
Chris Cowan at market research specialist Clusters outlines five things brokers can do to better understand their clients.
The loss of these rights could see insurers being forced to restructure and face large operational, regulatory and tax costs as they adapt to such a change.