Royal & Sun Alliance reports profit

Royal & Sun Alliance (RSA) benefited from an increase in affinity business, as it reported a UK profit of £51m for the first half of the year (2006: £95m), after suffering flood losses of £55m in June. Despite estimating a £65m loss from the July floods, RSA chief executive Bridget McIntyre said it would not introduce "blanket increases". Overall, RSA's UK business saw net written premium increase £84m last year to £1.36bn for the six months to 30 June 2007. The insurer's personal lines prof

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