Ageas Protect has announced two key appointments to its senior management team with Scott Reid joining as head of pricing & reinsurance and Richard Halley taking up the post of partnership development manager. Mr Reid brings with him actuarial and reinsurance experience gathered from various jobs with Aon Benfield, Scor, Gen Re, and Scottish Widows. [...]
Ageas has announced the appointment of Peter Corfield as the managing director of Ageas Retail’s companies RIAS and Castle Cover. Corfield brings to his new position a strong track record managing insurance companies, and has experience in the UK, Europe and the Middle East working for firms such as Zurich and the RBS Group. Managing [...]
Ageas UK has reported its financial results for the third quarter of 2011, including pre-tax profits of £78.3m. This is more than quadruple the £16.6m the firm made in the corresponding period last year, and follows a similarly improved biannual result. Total income rose by 88.6% to £1,358.2m, with gross written premiums up 88.5% to [...]
Ageas (Insurance UK) has announced that it has launched a new insurance partnership with Vauxhall whereby the firm will provide fully branded motor insurance products to Vauxhall’s British customers. The deal, which is set for a five year term, will see Ageas assume responsibility for managing Vauxhall’s customer sales, service administration and claims service and [...]
Ageas UK has reported its financial results for the first half of the year, including pre-tax profits of £35.4m. This is a fourfold increase on H1 2010, and shows a remarkably strong second quarter after pre-tax profits of £3.8m in Q1. Total income rose by 84.5% to £882m, with non-life gross written premiums up 84.2% [...]
Ageas has partnered with risk management specialists, Cardinus, to provide a package of online risk management solutions for its commercial policyholders and brokers. As part of the deal, all commercial policyholders who take up or renew an Ageas policy are eligible for a £100 voucher that can be redeemed against Cardinus’ risk assessment or e-learning [...]
Ageas has announced that it is participating in exclusive talks with Chevrolet pertaining to the exclusive provision (to UK customers) of motor insurance products. The five year deal has been agreed in principle and will see the insurer handling all of Chevrolet’s customer sales, service administration and claims service. The deal will enhance growth at [...]
Ageas has announced the appointment of Roy Watkinson as head of Commercial Pricing and Underwriting, a newly created position. Watkinson will be tasked with leadership of more than 100 staff and implementing the strategic Commercial programme by effective pricing, underwriting and fostering strong broker relationships. He will assume his new post with effect from 1 [...]
Ageas Insurance has announced that it has achieved ‘world class’ status for its service provided to brokers. The achievement came from the recent UK Customer Satisfaction Index (UKCSI), conducted by the Institute of Customer Service (ICS). More than 1400 Ageas brokers were surveyed, with those surveyed asked to rate the firm based on 20 top [...]
With some disruption over the skies of Europe from the volcanic ash cloud, Ageas has advised customers with a policy start date prior to 23 May 2011, who also booked their trip prior to 23 May 2011, that they will be covered as per the terms and conditions. Customers are advised to first contact the [...]
Ageas UK has reported a strong start to the year in its financial results for the first quarter of 2011. Total income increased by 75% compared to the corresponding period last year, and rose to £411m. Similarly, non-life gross written premiums were up 74.5% to £402.2m, and new annual protection premiums rose by 23.6% to [...]
Domestic burglaries have risen by 14%, according to new statistics from the Home Office. Worryingly, it is also widely expected that burglaries will continue to become more frequent due to the warm weather leading people to spend more time in their gardens and leave windows open. According to home insurer Ageas almost half (47%) of [...]
Ageas has joined forces with the Neighbourhood Watch Trust to persuade Britons not to make their homes a “shop window” of opportunity for thieves. New research carried out on behalf of the insurer indicates that homes across the UK have an average £1,223 in valuables (such as TVs, other electronic goods, antiques and works of [...]
Ageas UK (formerly Fortis) has acquired Castle Cover, for £52.8 million. The move will increase customer numbers to around eight million and consolidate the group’s position as the fourth-largest personal lines broker in the UK. The acquisition will also create a combined retail customer base of around two million, while building Ageas UK’s presence in [...]
Ageas UK has reported its financial results for 2010, including a 27.2% rise in total income, compared to 2009, to £1,035.2m. However, the firm did make a loss of £24.8m for the year, after the exclusion of bad weather events and one-off costs. Ageas UK recorded a pre-tax profit of £51.5m, excluding bad weather events [...]
Ageas Insurance Limited has announced that it has appointed three new broker account executives to cover the North East, East and West Midlands, and South West regions. The appointments are part of the firm’s strategic drive to enlarge its Commercial division and bolster its relationship with regional brokers. Jonnie Armstrong was formerly a regional sales [...]
Ageas has produced a free broker kit to coincide with the Government’s crack down on uninsured motor vehicles, with the introduction of Continuous Insurance Enforcement (CIE). The kit is designed to help eradicate vehicle registration errors by providing a desk-side reminder of the phonetic alphabet, assisting brokers and their clients to record correct registration details. [...]
Seven insurance companies and two IT software and service providers have provisionally agreed to limit the data they exchange, following competition law concerns raised by the Office of Fair Trading (OFT). Ageas, Aviva, AXA Insurance UK, Liverpool Victoria Friendly Society, RBS Insurance, RSA and Zurich, plus IT firms Experian and SSP, have all offered formal [...]
Fortis Life has changed its name to Ageas Protect in the UK, from today. The move follows the adoption of the Ageas name by Fortis’ general insurance business, following the disposal of the group’s banking assets, in 2009. The new name and Ageas logo will now be used to promote the company’s protection proposition, with [...]
Ageas UK has announced a string of appointments aimed at supporting the growth of its retail operations: Kwik Fit Financial Services, RIAS and Ageas Insurance Solutions. Brendan Devine, previously managing director of Kwik Fit Financial Services, has been appointed to the new role of retail commercial director and will be responsible for retail commercial development, [...]
