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International

Ageas relies on reinsurance to reduce impact of flood claims

August 13, 2021 Reprints

Belgian insurer Ageas SA/NV expects up to €400 million ($470.5 million) in gross damage claims from the recent floods in Belgium, Artemis reported. However, the insurer expects a net impact of €55 million after tax and reinsurance recoveries.

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Ageas relies on reinsurance to reduce impact of flood claims

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