Ageas

Profits and growth at Ageas

Ageas Insurance has revealed a 16.8% rise in gross written premiums to £822.5m and an improved combined operating ratio of 99.8% for the first nine months of 2011, compared to 104.9% in the same period last year.

Ageas seals Vauxhall deal

Ageas has announced that it is to provide fully branded motor insurance products to Vauxhall’s UK customers over the next five years.

Markerstudy Toba “totally unacceptable”

The British Insurance Brokers’ Association (Biba) has slammed the one hour reporting requirement of an accident claim in Markerstudy’s new terms of business agreement (Toba) as totally unacceptable.

FOS names and shames PPI providers

The Financial Ombudsman Service (FOS) has named the providers of payment protection insurance (PPI) cases as it announced that complaints more than doubled to 98,632 in the first six months of 2011 compared to the second half of 2010.

Significant scale change pleases Ageas chief

Barry Smith, chief executive of Ageas UK, has claimed the insurer is on track to break the 100% combined operating ratio (COR) barrier but warned again that he saw no real signs of commercial market hardening.

Ageas to be grilled by IIB over Toba changes

The Institute of Insurance Brokers (IIB) is to hold discussions with Ageas in response to member complaints over recent amendments the insurer has made to its terms of business agreements (Tobas).

Incisive Media cleans up at the Biba Awards 2011

Journalists from Insurance Age and sister title Post Magazine topped three categories and received four highly commended awards at the British Insurance Brokers’ Association’s 2011 journalist of the year awards.

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