Watson pleased by growth
Ageas boss confident on prospects in commercial with the firm “open for business".
Andy Watson, chief executive of Ageas UK, has reacted to the first quarter losses at the provider.
"We are very pleased to have grown the top line in a very challenging market," he told Insurance Age. "The bottom line is clearly impacted very heavily by the weather."
For the first three months of 2014 it lost £4.6m - compared to a profit of £19.4m for the same period of 2013 - and ascribed the turnaround to the cost of storms and floods that hit the UK at the start of the year.
However, gross
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