Ageas boss Smith encouraged by government flood stance

Barry Smith chief executive Ageas UK

Smith described the news as "a step in the right direction", but also urged that the momentum towards finding a long-term flood risk solution is not lost over the coming months. "This will ensure that flood insurance remains affordable and accessible for all," he said. "But more work needs to be done during the summer recess to maintain momentum and give us confidence that a long term solution can be found, particularly agreement on the role the insurance industry and government will play. "O