RSA chief executive Stephen Hester says remaining London commercial business “will stay under careful review”

RSA chief executive Stephen Hester says the future of the London commercial business will be kept under close review.

Following a media call yesterday, Hester said: “The remaining business that we have there…will stay under careful review.”

RSA bounced back with improved results yesterday, having suffered a difficult 2018 when the London Market Speciality and Wholesale business had 2018 premium income of £265m but underwriting losses of £109m.

RSA said yesterday that the total net premium targeted for exit had been £250m, across the London business and MGAs, with most now implemented.