RSA pulls out of motor trade market and agrees sale of Fyfe
RSA has confirmed that it is pulling out of the motor trade market, and will stop writing new business with immediate effect.
The insurer has also announced it will not be renewing existing policies after 1 November 2012.
The move affects 2,300 policies.
Jon Hancock, RSA’s managing director, UK commercial, said: “Following several years of extremely tough market conditions and poor results within our motor business, we have taken the decision to exit the UK mid-market motor trade business and to sell our Fyfe business.
“We are working with affected brokers and customers to help them find the right solutions for the
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