Challenging times lie ahead, said Royal & SunAlliance (R&SA) as it reported “good results” at the end of the third quarter.
Operating results for the full nine months had increased to £453m from £27m at the same time last year when the company took more than £500m in charges to strengthen reserves.
R&SA chief executive Andy Haste said as the US arm of the company continues to restructure it would bring about more disruption to the company.
“This has been another good quarter for the group,” he said.
“I don't expect it to be a totally smooth ride and there are still challenges in the US, but we remain focused on resolving them.”
R&SA said the group operating profit was “considerably stronger” at £258m compared to £276m in 2003.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
