Brokers anxious over Royal & SunAlliance's third-quarter results

Brokers are keeping a close eye on Royal & SunAlliance, as the embattled insurer prepares to releas...

Brokers are keeping a close eye on Royal & SunAlliance, as the
embattled insurer prepares to release its third-quarter results on 7
November.


RSA says it will use the opportunity to reveal how it will raise £1bn -
the sum needed to repay loans due next year. Standard & Poor's has put the
insurer on a negative outlook and told RSA it will have to come up with a
robust capital-raising plan if it is to escape a down grading.


The insurer is currently rated A-.


Phillip Bland, chairman of Bland Bankart, said

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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