Tesco deal gives Ageas a record year
Ageas UK cited organic growth and its new Tesco business for a near 70% boost to its premium income for 2011 to £1,979.5m and a record profit of £105m compared with a loss of nearly £25m in the previous year.
The company said there had been growth in Ageas Insurance, Ageas Retail and Ageas Protect through increased business with brokers, IFAs and new partnerships.
Barry Smith, chief executive of Ageas
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