Ageas' profitability back to pre-Ogden levels
CEO Andy Watson says motor was the "star of the show" in 2018, comments on Brexit preparations and addresses potential redundancies in Stoke and Port Solent offices.
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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