Insurer RSA posts growth on ‘strong’ Irish price rises

Insurer RSA is likely to show record underwriting profits for the first nine months of 2016 and is planning to sell or reinsure £1bn (€1.1bn) worth of legacy UK business, chief executive Stephen Hester said.

In Ireland, RSA said in its trading update that it posted “continued premium growth due to strong pricing increases as part of the turnaround plan”.

RSA is in the middle of a large-scale restructuring under the stewardship of former Royal Bank of Scotland boss Mr Hester, which has included selling some overseas businesses and cutting costs.