Royal & SunAlliance will not sink like Independent Insurance leaving brokers in the lurch, vowed new UK chief executive Duncan Boyle.
Boyle said: "You always get a road traffic accident and Indie was it." He added that if you are not obliged to comply with the rules of the FTSE-100 and the FSA then you "can pull the wool over people's eyes". R&SA is a FTSE-100 company, unlike Independent, and the FSA is a stricter regulator following Indie and the life problems, added Boyle.
Boyle made the comments in response to a call by brokers (and Insurance Times in last week's edition) to reassure the industry of its future.
For the interview in full read this week's edition of Insurance Times.
