RSA’s motor retreat frustrates and delights
RSA’s decision to withdraw from writing motor trade insurance has provoked a mixture of surprise, frustration and respect in the market.
The insurer said in mid-September that the move would affect 2,300 policies and confirmed it would not renew existing ones after 1 November 2012.
Jon Hancock, RSA’s managing director of UK commercial explained the insurer’s rationale was underpinned by tough market conditions, poor results and the need to pull back from unprofitable areas.
RSA will also sell it
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