‘Financial market turmoil’ takes its toll on Ageas
Belgium-based insurer Ageas, the spin-off from the old Dutch-Belgian group Fortis, has booked an insurance net loss of €209m ($285.1m) for the first nine months of the year, down from a profit of €334m in the same period last year, despite reporting an insurance net result (excluding financial market turmoil) of €615m, up from €415m.