Bad weather brings mixed news for RSA
Royal & SunAlliance, the UK's fourth largest insurer, yesterday doubled its estimates of the losses i...
Royal & SunAlliance, the UK's fourth largest insurer, yesterday doubled its estimates of the losses incurred by the recent floods and storms to £200m.The increased estimate will appear in the group's full-year estimates for 2000, due to be published on 1 March. The company had predicted losses of £80m-£100m in November.
However, RSA still anticipates full year operating profits of about £500m. It has increased premiums in most of its markets, and those affected by the floods can expect their
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