RSA looks to a brighter future
In the new Financial Services Authority regulated environment brokers need to be confident about the financial standing of the insurance companies they deal with on a day-to-day basis. With this in mind Insurance Age has introduced a new feature in association with Standard and Poor's to give an indepth financial review of all the major insurance companies - starting with Royal & Sun Alliance
In October 2004, Standard & Poor's (S&P) revised its outlook on the main operating entities of Royal & Sun Alliance Insurance Group (RSA) to A-/Stable from A-/negative. The stable outlook reflected RSA's stronger capitalisation and improved underlying earnings, as well as the belief that management will continue to successfully execute its strategy.
The results announced for 2004 meet S&P's expectations and so the rating is unaffected. The announcement of £160m loss reserve charge was consistent
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