RSA Ireland loses €147m

Underwriting losses at insurance firm RSA Ireland came in at £107m (€146.9m) last year as the insurer experienced another difficult year in the Irish market.

RSA’s Irish operations acted as a significant drag on its overall business with its UK, Canadian and Scandinavian segments returning underwriting profits for 2014.

Group operating profit was £365m — up from £349m in 2013 — while group underwriting profit was £90m.