RSA sees 2001 profits nosedive.
Royal & SunAlliance has reported a dive in profits for 2001, after what chief executive Bob Mendelso...
Royal & SunAlliance has reported a dive in profits for 2001, afterwhat chief executive Bob Mendelsohn described as an "extraordinary" and
"very difficult" year. The group announced a combined loss ratio of 112.6%
(109.6% in 2000), well short of its 103% target.
Mr Mendelsohn said: "The group operating result at £16m was severely
impacted by our estimated costs of £215m from the World Trade Center
disaster and the claims provision increases of £384m, which we have
announced for asbestos and
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