Ageas commercial COR dips to 100%

Barry Smith

Mr Smith confirmed to Insurance Age that the insurer would continue to focus on profitable growth in what he defined as a sluggish market and that Ageas had not grown in the sector as much as it had previously expected to.

Ageas announced a 4.4% rise in commercial gross written premiums to £81.8m (H1 2011: £78.4m) in its half year results.

"We need to concentrate on where we see profitable growth," he stated.

"We are encouraged by the improvement in the combined ratio but we have not grown by as

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