Royal & Sun Alliance (R&SA) has announced that it is to strengthen...

Royal & Sun Alliance (RSA) has announced that it is to strengthen its US reserve by £160m in the fourth quarter.

R&SA said the move was consistent with the rationale for setting up the contingent liability at the time of the rights issue.

The majority of this strengthening (£95m) is in connection with workers' compensation, it said.


Standard & Poor's said today its ratings and outlook on the company would be unaffected by the announcement.

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