RSA losses of €257.6m after financial irregularities

Financial and claim irregularities at the Irish arm of RSA Insurance contributed to the firm recording pre-tax losses here of €257.6m last year.

New accounts just filed by RSA Insurance Ireland Ltd with the Companies Office show that the firm recorded the pre-tax losses after revenues from net premiums reduced by 19%.

The investigation into the irregularities also resulted in the firm reducing its 2012 pre-tax profit by €19.8m from €44.47m to €24.62m.