RSA commercial rates off by 5%
Royal & SunAlliance has admitted its commercial rates targets in the UK are adrift by around 5%, how...
Royal & SunAlliance has admitted its commercial rates targets in the UK are adrift by around 5%, however, this has not impacted overall growth.
The UK operation of the insurer produced a combined operating ratio of 92.9% during the first nine months of the year; this compares with 96% during the same period last year.
Underwriting profit was £111m, up 66% over the same period last year, which was £67m. Net written premiums, at £2bn, were up 4% on 2004 third-quarter results.
In a statement, RSA said
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Commercial
Clear pushes on with MGA rebrands
Clear has rebranded Accelerate Underwriting as Shape Digital and Thomond Underwriting as Shape Underwriting Ireland in further changes to its managing general agents division.
Biba 2026 Countdown: QuestGates’ Dave Clare
Dave Clare, operations director - building consultancy division of QuestGates, highlights the importance of getting the fundamentals right and raises the possibility of doing a turn singing My Way dressed as a calculator.
Allianz revamps commercial management as Nick Hobbs exits after 25 years
Nick Hobbs is to leave Allianz UK after 25 years with the insurer, stepping down from his roles as chief distribution officer and chairman of Allianz Engineering Inspection Services.
Biba 2026 Countdown: QBE’s Janine Bowler
Janine Bowler, Manchester interim head of trading at QBE, recommends Salut wine bar for an external catch up and is looking forward to the buzz when the event opens on Wednesday 13 May.
WF Risks eyes new branches as CEO bemoans lack of M&A opportunities
WF Risk Group has established a new office in Edinburgh under the sub-brand ‘WF Risk Insurance Brokers’ and is looking at other prospective launches across UK and Ireland headed by further senior hires.
Beazley shareholders give near unanimous approval paving way for Zurich takeover
Beazley shareholders have given the green light for the £8.1bn Zurich deal, with 99.9% of votes cast in favour clearing the way for the transaction to go ahead.
Bspoke seeks more broker growth with quote-and-buy portal roll out
Bspoke Group has rolled out quote-and-buy portal Bspoke Online, stressing it has been developed specifically for brokers to simplify and speed up trading and policy management.
Broking Success: From undesirable to undeniable – Matt McCall, Raw Material Cover
Raw Material Cover founder and CEO Matt McCall describes his journey with his specialist waste and recycling broker as a Cinderella story. He speaks to Jonathan Swift about being invited to the ball at Lloyd’s and the plans for wholesale and international expansion.