Insurance Post

Ageas records loss in quarter one

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Ageas today reported a 20% increase in premium over the first quarter of 2010 to EUR 5bn when compared with Q1 2009.

This included a 20% increase in non-life business to EUR4bn and continued growth in Asia with a 59% hike to EUR 1.8bn.

Ageas added its insurance net profit was up from EUR 21m to EUR 85m. However, its

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