RSA 'distracted' by Zurich in Q3
RSA group CEO Stephen Hester has called Zurich's "unsolicited approach" to RSA a distraction during the third quarter of 2015 in which RSA reported a 1% increase in core group underlying net written premiums.
Zurich abandoned its offer to buy RSA in September.
Hester, pictured, said in the Q3 results statement: "Zurich's unsolicited approach to RSA was a distraction in Q3. It is pleasing that our business continued to perform well despite that. A tribute to our people and franchise."
Group net written premiums for Q3 were £4.4bn. In the UK, net written premiums rose 2%, while Ireland saw a 5% decrease in NWP.
At the end of the third quarter, weather event costs for the year-to-date were £92m which
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