Ex-RSA executive considers legal action

A former RSA Ireland executive is considering legal action on foot of the PwC report into events at the Irish operations that forced the company to increase reserves by £200m (€242m) before Christmas.

The extensive report found that accounting irregularities in the Dublin office were a result of “inappropriate collaboration”.

Chief financial officer Rory O’Connor and claims director Peter Burke were told on Wednesday their contracts had been terminated. The former chief executive of RSA’s Irish operations, Philip Smith, resigned in November. Disciplinary proceedings had been taken against Mr Smith prior to his resignation.