Ageas relies on reinsurance to reduce impact of flood claims
Posted On: Aug. 13, 2021 9:35 AM CSTBelgian 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.