RBSI puts operating loss down to bodily injury claims injection

Paul Geddes

Paul Geddes said that the insurer's reserves had to be strengthened by a further £320m, resulting in a loss for the period.

The insurer reported an underwriting loss of £27m (H1 2009: £482m profit) and total income of £2.08bn (H1 2009: £2.03bn) while the combined operating ratio deteriorated to 120.2% (H1 2009L 95.2%).

Referring to the reserve action, Mr Geddes, said: "Excluding these historic motor claims, our underlying business performance remains profitable, reflecting decisive action to

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