Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Apollo fortunate that £5bn RBSI bid failed to take off

9 August 2010

RBSI last week became the latest UK motor insurer forced to boost its reserves after years of aggressive price competition and claims inflation in the sector.

The UK's largest motor and homeowner insurer - with a 30 percent market share - sunk to an operating loss of £253mn for the first six months of the year, compared to a £217mn profit a year earlier.

The loss was created by the need to add £320mn to reserves for bodily injury claims,...

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Share: This article was published as part of issue August 2010/2

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