RSA sees personal lines NWP shrink on back of broker motor withdrawal

Money down drain

Insurer identifies opportunities to rebuild book with Nationwide deal

RSA's decision to exit personal lines broker motor market continued to have an impact on the insurer's personal lines book for the six months to June.

Chief executive Stephen Hester said the portfolio accounted to around a £27m reduction in premium year on year.

"However, the underlying portfolio going forward is in good shape," he told Insurance Age.

"Importantly, in motor we are being very successful in growing our telematics business which has grown about 60 percent this year over last year

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