RSA reports "disappointing" 2018

RSA UK has posted an underwriting loss of £106m in 2018, along with a combined operating ratio of 104% (2017: 104.3%).

This follows its shock warning last year that it had suffered a loss of £70m in the third quarter of 2018.

In addition, net written premiums decreased slightly for the UK business to £2.59bn in 2018 from £2.69bn in the preceding year, which the provider noted was due to exiting parts of its portfolio in its London Market international business.

The UK & International division