Brokers question RSA's future after losses
Market experts predict more insurers will follow in RSA's footsteps and pull back from unprofitable business lines.
Brokers have questioned the future for RSA after the insurer posted a £70m underwriting loss for Q3 2018 and said it would take action on pricing and portfolio reshaping.
One broker who declined be named described the provider as a “ship that hasn’t got its sails up and is not quite sure where to go”.
In a conference call with analysts on 28 September, RSA group chief executive officer Stephen Hester stated that the provider’s UK and London market business is a “substantial headache” and noted
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