Reinsurance News
Ageas
Ageas reports €111m net result for Q3
9th November 2022
Brussels-headquartered multinational insurer Ageas, has reported a group net result of €111 million for the third quarter of 2022. At the same time, for the year so far, Ageas’ net result sits at €567 million. The company specified that both of these figures exclude RPN(i), a financial instrument held by Ageas used ... Read the full article
Ageas sees strong impact from European inflation, plus financial strife in China
28th October 2022
Ageas has released its Q3 2022 results, saying that it saw a ‘strong impact’ from UK and Turkish inflation, along with adverse financial markets in China. The firm had said, while commenting on the first half year 2022 performance in August, that it was confirming its guidance of €1bn for the ... Read the full article
Ageas partners with eBaoTech to enable its digital platforms’ strategy
9th September 2022
Ageas Group has selected eBaoTech's InsureMO platform for its digital transformation as part of its strategy to explore and invest in new growth engines. Ageas plans to leverage InsureMO - a PaaS platform designed to accelerate insurance innovation - to enable its growth via B2B2C channels. Hans De Cuyper, the CEO of ... Read the full article
Ageas to underwrite reinsurance in open market
8th September 2022
Brussels-headquartered multinational insurer Ageas has announced that it plans to open its reinsurance activity to third parties, outside its group perimeter, trading under the brand Ageas Re. By expanding its reinsurance activities to the open market and writing third-party business, Ageas hopes to further increase its benefits from diversification. In recent years, ... Read the full article
Ageas reports solid operating performance in Q1 results
11th May 2022
Brussels-headquartered multinational insurer Ageas has reported a group net result, excluding RPN(i) of €210 million for Q122, compared to €294 million from last year’s quarter. The company's group inflows were up 5% as they rose to €5 billion due to increases in both its Life and Non-Life businesses, and across all ... Read the full article
Ageas grows insurance result by 11%
23rd February 2022
Brussels-headquartered multinational insurer Ageas has reported an insurance net result of €1,070 million over 2021, up 11% from €960 million in the previous year. The company attributed this result to the strong operating performance of its life operations, which generated a net result of €742 million, compared with €570 million previously. Ageas ... Read the full article
Ageas grows insurance result to €777m
11th November 2021
Brussels-headquartered multinational insurer Ageas has reported an insurance net result of €777 million for the first nine months of 2021, up from €737 million for the same period last year. This result included a net result in non-life of €236 million, down from €311 million for the 9M period last year. But ... Read the full article
Ageas improves 2020 result despite pandemic challenges
24th February 2021
Brussels-headquartered multinational insurer Ageas has reported a 16.5% improvement in its net result for 2020, despite significant operation challenges and losses due to the pandemic. The 2020 Group net result stood at €1.14 billion, thanks to a strong underwriting performance and the positive impact of FRESH transactions on its general account This ... Read the full article
Non-life performance helps Ageas to solid Q3 results
13th November 2020
Personal and commercial insurer Ageas has reported a Group net result of €203 million for the third quarter of 2020, driven by strong performance in its non-life business. Looking at the first nine months of the year, the net result stands at €994 million, to a large extent supported by the ... Read the full article
Ageas appoints two regional Managing Directors
2nd November 2020
Personal and commercial insurer Ageas has announced a reshuffling of its management department. The Belgian insurer announced that Filip Coremans, who is currently Chief Development Officer, will be appointed as Managing Director Asia and Antonio Cano, currently Chief Operating Officer, as Managing Director Europe. The responsibilities of Christophe Boizard as Chief Financial ... Read the full article
Ageas appoints Hans De Cuyper as CEO; Bart De Smet as Chairman
2nd September 2020
Ageas has announced the appointment of their new Chief Executive Officer (CEO), Hans De Cuyper, succeeding Bart De Smet, who will become the Chairman of the Group. De Smet will be replacing Jozef De Mey who recently announced his decision to step down. The pairs' new positions will become official on ... Read the full article
Ageas to acquire 25% of Taiping Reinsurance’s enlarged share capital
28th August 2020
Personal and Commercial insurer, Ageas, has announced that it has finalised an agreement with China Taiping Insurance Holdings (CTIH) in order to subscribe to a capital increase of its wholly owned subsidiary, Taiping Reinsurance Co (TPRe). The result of this transaction will reinforce Ageas strategic partnership with CTIH, and sees Ageas ... Read the full article
Ageas UK CEO Watson to depart, successor named
7th April 2020
Brussels-headquartered multinational insurer Ageas has announced that Andy Watson is set to step down from his role as Chief Executive Officer of Ageas UK and will be succeeded by Ant Middle. Watson has decided to step down from his role and embark on the next stage of his life, including further ... Read the full article
Ageas partners with tech firm on AI car damage assessments
27th March 2020
Brussels-headquartered multinational insurer Ageas is using an artificial intelligence (AI) solution developed by technology company Tractable to create car damage assessments and repair estimates. The AI-powered technology is able to support some of the complex tasks usually carried out by human assessors, such as identifying which parts of a vehicle have ... Read the full article
Ageas achieves record 2019 results, despite weak Q4
20th February 2020
Brussels-headquartered multinational insurer Ageas has reported a 21% increase in its net result for 2019, marking its best ever full-year results. The 2019 result stood at €979 million versus €809 million in 2018 thanks to good non-life performance in Belgium and Continental Europe, as well as its Asian life business. This was ... Read the full article
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