Hester's arrival: Baptism of fire or blessing in disguise?

Andrew Pearce

Only three weeks into the job and the former RBS banking chief has just reported, what he even described, as a "poor" set of results for 2013.

Indeed, the insurer's UK and Western Europe performance was so bad that, from the point of view of a journalist, it was almost difficult to know where to start.

So let's start with what most judged were the headline figures. The insurer racked up a post-tax loss of £338m for 2013, an incredible £600m reverse on the £327m profit recorded the previous year.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: