RSA: RSA Insurance Group Plc: Update on Irish Issues
UK Regulatory Announcement
Update on Irish Issues
Further to recent press speculation, the RSA Board confirms it will receive at
its meeting on Wednesday 8^th January the PwC report into the financial and
regulatory reporting processes and controls within the Irish business and the
Group oversight of these alongside further assurance reviews commissioned by
We remain confident in our view that the financial and claims irregularities
identified in November 2013 were isolated to Ireland.
Furthermore, RSA confirms, as previously announced, the impact of claims and
financial irregularities and the reserve review in Ireland at £72m and £128m
respectively; totalling a combined £200m.
A press release with further details will be released at 7.00am on Thursday
Analysts & Investors Press
Matt Hotson Louise Shield
020 7111 7212 020 7111 7047
07711 956 077 07786 114 662
Rupert Taylor Rea Jon Sellors
020 7111 7140 020 7111 7327
07881 677 400 07711 701 806
With a heritage of over 300 years, RSA is one of the world’s leading
multinational quoted insurance groups. RSA has major operations in the UK,
Scandinavia, Canada, Ireland, Latin America, Asia and the Middle East and
Central and Eastern Europe and has the capability to write business in around
140 countries. Focusing on general insurance, RSA has around 23,000 employees
and, in 2012, its net written premiums were £8.4 billion.
RSA Insurance Group Plc
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