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
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