Insurer RSA reports 24% decline in Irish income as weather takes its toll

Net written premium income at UK insurer RSA’s Irish operations fell by 24% to £75m (€91m) in the first quarter of this year, with weather hitting its business here.

RSA — which took a £200m hit last year as a result of accounting irregularities at its Irish division — reported a 15% decline in group revenue for the period, after it sold assets to bolster its balance sheet.

Net written premiums fell to £1.98bn in the three months to the end of March, compared with £2.3bn a year earlier.