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.