RSA UK growth offset by motor scheme pull out
RSA’s Q1 results have shown an overall rise in UK premiums of 9% to £760m (2010: £697m).
In personal lines, premiums increased by 20% to £337m and the insurer said the broker channel had continued to demonstrate excellent growth, with household premiums up by 24% and motor panels up by 55% due to rate action and good underlying panel growth.
However, RSA said the growth was offset by the expected 72% reduction in broker motor schemes following action taken in 2010 to exit unprofitable contracts.
In commercial, RSA said it had continued to target growth in specialty lines and had
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