Ageas to hike household rates to emulate motor
Ageas is set to continue hiking rates on its household insurance, on top of the 10% it has already pushed through in the first quarter of 2011, in a bid to replicate the improved combined ratio already seen in its UK private motor performance.
Speaking following the insurer's Q1 results, which showed a profit before tax for its non-life business of £3.9m — a £9.2m improvement over the same period last year — Barry Smith, chief executive of
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