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

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 copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: