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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Podcast
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Subscribe to our daily newsletter for all the latest news
Most read
- Blog: Three ways to be more efficient working remotely
- BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
- Lockton denies fraud allegations in ongoing legal dispute
- Property investor files separate legal proceedings against Axa as Lockton case continues
- Blog: The rising business case for electric fleets
- Applied’s Fairchild plans organic growth
- People Moves Round-up: 19 - 23 October 2020