AM Best upgrades RSA

At the same time, AM Best has upgraded the ICR to "bbb" from "bbb-" of RSA, the non-operating holding company of the RSA group of companies. The outlook for all ratings is stable.

In a statement AM Best said: "RSA's ratings have been upgraded due to sustained improvement in the group's consolidated risk-adjusted capitalisation. This improvement has been supported by RSA's excellent financial results in 2008, including a 25% increase in shareholders' funds deriving from solid retained earnings, a