Ageas posts Q1 loss for 2014
Provider cites impact of weather costs as being behind losses.
Ageas UK has reported a loss of £4.6m for the first quarter of 2014 compared to a profit of £19.4m in the first three months last year.
The provider's combined operating ratio (COR) deteriorated to 106.1% (Q1 2013: 98.6%) as gross written premium increased to £526.7m (Q1 2013: £511.3m).
The company said that the loss reflected the impact of storms and floods that hit the UK in the first quarter.
A breakdown of the group figures showed that Ageas Insurance's net result was also down with a £4m
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
FCA issues warnings over DLG and short-term cover broker clones
The Financial Conduct Authority has warned of two clones claiming to be Covertime and UK Insurance, part of the Direct Line Group.
People Moves: 2 – 6 February 2026
Stay in the loop with the latest insurance personnel moves.
Commercial Express adds Fortegra as capacity provider as MGU plans step forward
Managing general agent Commercial Express has struck a capacity partnership with Fortegra, Insurance Age can reveal.
Interview: Allianz’s chief distribution officer Nick Hobbs
Nick Hobbs, chief distribution officer at Allianz UK, tells Insurance Age about the importance of the provider’s regional footprint now including broker hubs, the challenges of the soft market and its MGA appetite as well as the ongoing investment in technology and goals for 2026.
Blog: Four cyber threats brokers can’t afford to ignore in 2026
Tom Draper, managing director of Coalition UK, assesses four threats that show the dynamic nature of cyber risk to brokers and their clients, highlighting cybersecurity cannot be a once-a-year questionnaire or a box-ticking exercise at renewals.
UK commercial softening accelerated to 7% in Q4
The commercial insurance market in the UK softened by 7% in the final quarter of last year, in its eighth drop in a row, according to research by Marsh.
Peach partners with Paragon on property
Niche commercial insurer Peach has partnered with insurtech managing general agent Paragon, to provide capacity for its non-standard household and residential let property products.
Collinson supports digital bank Chase’s UK insurance entry
Collinson Insurance has secured a new partnership with digital bank Chase.