Q1 group net written premiums up 8% to £1.9bn
RSA reported an 8% increase on group net written premiums to £1.9bn for the first quarter of 2009. International net written premiums were up 12% to £1,001m, while UK net written premiums were slightly down by 1% at £652m. RSA also said it was on track to deliver a combined operating ratio of 95% for 2009.
Commercial premiums for the UK business were 2% down last year at £389m and personal lines decreased 1% to £263m.
RSA achieved a 6% rate increase in personal motor and 5% in household. In commercial, rates were boosted by 6% on liability, 7% in property and 11% in the motor business.
RSA’s IGD (insurance group directive) surplus stands at £1.7bn, it reported the same figure for its fourth quarter results in 2008. “We remain strongly capitalised,” said Adrian Brown, UK CEO of RSA.
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.
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