Royal & Sun Alliance has dismissed rumours that it plans to make an £800m rights issue in November.
An R&SA spokesman said: "There's nothing to say really. Its a rumour, its speculation."
News of R&SA's battered finances have prompted speculation that the group is considering implementing a 'complete market solution'.
With its reputation tarnished by recent events, R&SA said that it has out-performed some of its peers. He said: "We are actually performing much better than a lot of other companies in general business."
The Sunday Times reported that the group could be planning a share rights issue to lower its combined ratio. The paper said that the reorganisation would see chief executive Bob Mandelsohn losing his post - earning a £1m payoff in the process.
However the spokesman dismissed these claims: "Actions we will be taking internally to further reposition or release capital include selling pieces of the business, dealing with reinsurance, shrinking parts of the business or changing investment strategy."
