RSA to reduce broker panel to achieve commercial profitability
RSA's 2011 report and accounts has confirmed that the insurer will take a more “targeted approach” to its broker distribution in the UK.
The vow in the group document, published today, came as the insurer said it aimed to bring its commercial book back into profitability
Simon Lee, group chief executive at RSA, made the commitment after the insurer’s UK arm saw 6% premium growth in 2011 to £3.087bn.
As announced in February, the provider had a profit before tax of £312m and a combined operating ratio of 98.2%, a four point improvement on last year.
In UK commercial, the insurer controlled premiums of £1.72bn, up 2% on last year
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