RSA still feeling effects of 2013 Irish troubles

Insurer has hiked premiums and warned of further increases this year

23rd February, 2017
RSA says Irish insurance market tough. Picture: Fergal Phillips

Insurer RSA has warned of further price increases in its Irish business due to what it describes as a “challenging” market.

The company’s Irish arm has been under pressure since it suffered serious accounting irregularities nearly three years ago that forced it to undergo a major recapitalisation.

In 2013, RSA suspended three senior people from its Dublin management team, including its then chief executive Philip Smith.

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