Watson hails second quarter recovery at Ageas
Insurer boss confident in underlying strength of the business.
Ageas UK chief executive officer, Andy Watson, has described the second quarter performance of the insurer as "very, very strong".
Despite the downturn in the half year results, Ageas delivered a quarterly net profit of £30.8m.
Watson highlighted both the stable income levels and improvement in the combined operating ratio which moved from 106.1% in the first three months of the year to 95.5% in the second quarter.
"In the first quarter the story was storms and floods but we have recovered and
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