Ageas' profitability back to pre-Ogden levels

Andy Watson

CEO Andy Watson says motor was the "star of the show" in 2018, comments on Brexit preparations and addresses potential redundancies in Stoke and Port Solent offices.

Ageas UK chief executive Andy Watson has hailed the insurer’s 2018 results, stating that its profitability has returned to pre-Ogden levels.

The provider posted a threefold profit leap to £76.7m and an improved combined operating ratio in 2018, but also revealed a decrease in GWP across all of its divisions.

When asked why premium had fallen Watson told Insurance Age: “The general market conditions during 2018 were such that for both motor and household across the market premiums have been

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: