Ageas boss Watson to scrutinise retail businesses' cost base
Insurer's CEO describes overall 2013 figures as "pretty strong" as profit edges up.
Ageas UK boss Andy Watson has declined to rule out redundancies within its retail businesses in a bid to reverse the division's falling profit.
Overall, the insurer's chief executive described its 2013 figures as a "pretty strong" set of results, as full-year profit edged up 3% to £85.2m.
Yet total inflows for the provider's other insurance activities were down 13.2% to £177m, with profit also slipping to £10.5m [FY 2012: £12.7m].
Within other insurance activities also sits the retail companies
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