Will the cycle be unbroken?

However you look at it, Royal & Sun Alliance (RSA) has been in theheadlines for all the wrong reasons for the past 12 months. So you wouldbe forgiven for thinking there would be something of a siege mentalityabout its management when it came to speaking to the press. But you'd bewrong.

RSA UK chief executive Duncan Boyle can look out of his office window andsee the Lloyd's building - a reminder of the industry and perhaps also ofits past troubles. But, like the Lime Street market, he says RSA