Sunday May 31, 2020

Jobs on the line as RSA Ireland hit by losses of €150m and fine from regulator

Ian Guider

Markets Editor

9th May, 2015

The insurer RSA saw a 13 per cent plunge in sales in Ireland in the opening three months of the year.

Net premiums written declined to £52 million (€71.4 million) but the entire drop was down to declining sales of personal insurance, which fell 19 per cent when currency effects were taken into account. Commercial insurance sales were unchanged.

The company said its losses had declined after losses of nearly €150 million in Ireland in 2014. It...

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