RSA profits set fair despite H2 flood hits
International P&C insurer RSA has said it is on track to deliver a combined operating ratio of better than 95 percent in 2011 as it reported double-digit premium growth for the first nine months of the year.
RSA reported net written premiums of £6.1bn for the period, up by 11 percent year-on-year, with all its domestic and international divisions contributing to the strong growth.
The UK-headquartered firm said it has taken about £60mn in catastrophe losses since the half-year mark...
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