Watson cautious on potential rate rise as Ageas suffers £20m flood loss
Ageas UK chief executive Andy Watson has poured cold water on expectations household rates will undergo an imminent rise in light of ongoing flooding, which has so far cost Ageas £20m.
Speaking to Post following the publication of his firm's 2013 full year results, in which the combined operating ratio for household improved 5.4 percentage points to 93.6%, Watson advised caution in
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