Cost of bailing out RSA’s Irish arm nudges €500m

Latest bailout saw €90 million injected into company

3rd April, 2016
Philip Smith, former chief executive of RSA's Irish subsidiary

The cost of cleaning up the Irish arm of RSA has increased to almost €500 million as the London-based company was forced to pump more capital into the division.

According to a filing with the Companies Registration Office late last month, about €90 million was injected into the company. This was one of the largest transfers of capital to the business in the last few years and brings the total number of bailouts of the...

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