RSA urged to put itself up for sale
Investors have reportedly written to the insurer demanding action.
RSA Insurance has reportedly been told to put itself up for sale by large investors.
According to The Sunday Times, investors in the insurer have urged it to solicit takeover bids.
Last week RSA announced the resignation of group chief executive Simon Lee after the insurer stated it would need to strengthen its Irish reserves by a further £130m. It has already pumped £70m into its Irish operation.
However, analysts have reportedly warned that the insurers' capital shortfall could reach £500m.
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