RSA: RSA Insurance Group Plc: RSA completes negotiations with Motability on contract structure going forward

  RSA: RSA Insurance Group Plc: RSA completes negotiations with Motability on
  contract structure going forward

UK Regulatory Announcement


RSA completes negotiations with Motability on contract structure going forward

Leading global insurer, RSA, today announced that it has renewed its contract
to provide motor insurance to Motability Operations. The new contract extends
a long term relationship and provides a strong, sustainable partnership for
RSA and Motability Operations.

This will take effect from 1st October 2013 for an initial 5 years. The deal
will be on a quota share arrangement with RSA retaining 20% of the premium
exposure, ceding the balance to a Motability Operations owned captive.
Insurance cover will continue to be provided for multi-year policies, however
under the new contract all policies will be re-priced every 6 months. Policies
written under the current contract will remain in force for the duration of
their three year contract.

Jon Hancock, Commercial Managing Director at RSA, said … “We are proud to work
in a partnership with Motability Operations and share their goal of providing
trouble free motoring to all customers. Motability Operations is our largest
commercial motor insurance partner and the largest fleet operator in the UK
and we look forward to continuing to deliver a first class service together”.

- ENDS -


Analysts                   Press
Matt Hotson                 Louise Shield
Tel: +44 (0) 20 7111 7212   Tel: +44 (0) 20 7111 7047
Rupert Taylor Rea           Bart Nash
Tel: +44 (0) 20 7111 7140   Tel: +44 (0) 20 7111 7336

Important Disclaimer

This press release may contain ‘forward-looking statements’ with respect to
certain of the Group’s plans and its current goals and expectations relating
to its future financial condition, performance results, strategic initiatives
and objectives. Generally, words such as “may”, “could”, “will”, “expect”,
“intend”, “estimate”, “anticipate”, “aim”, “outlook”, “believe”, “plan”,
“seek”, “continue” or similar expressions identify forward-looking statements.
These forward-looking statements are not guarantees of future performance. By
their nature, all forward-looking statements are inherently predictive and
speculative and involve risk and uncertainty because they relate to future
events and circumstances which are beyond the Group’s control, including
amongst other things, UK domestic and global economic business conditions,
market-related risks such as fluctuations in interest rates and exchange
rates, the policies and actions of regulatory authorities, the impact of
competition, inflation, deflation, the timing impact and other uncertainties
of future acquisitions or combinations within relevant industries, as well as
the impact of tax and other legislation or regulations in the jurisdictions in
which the Group and its affiliates operate. As a result, the Group’s actual
future financial condition, performance and results may differ materially from
the plans, goals and expectations set forth in the Group’s forward-looking
statements. Forward-looking statements in this press release are current only
as of the date on which such statements are made. The Group undertakes no
obligation to update any forward-looking statements, save in respect of any
requirement under applicable law or regulation. Nothing in this press release
shall be construed as a profit forecast.


RSA Insurance Group Plc
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