RSA Insurance Ireland posts €172m loss following claims crisis

The fall-out from financial and claim irregularities at the country’s largest insurer RSA contributed to the firm recording pre-tax losses of €171.26 million last year.

New accounts by RSA Insurance Ireland Ltd also show revenues from gross premiums fell by 5% to €385.66m.

Irregularities resulted in RSA’s parent first injecting €262m into the firm in 2013 and then making further payments totalling €137m last year.