Aviva, RSA, Direct Line Face Heaviest Losses From British Floods
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Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as 1 billion pounds ($1.7 billion).
Aviva, the U.K.’s third-largest insurer by market value, is expected to incur the greatest absolute loss based on its market share, with RSA and Direct Line the most exposed from an earnings perspective, analysts at Goldman Sachs Group Inc. led by Ravi Tanna wrote in a report to clients.