Insurer is raising £775m to improve capital position

RSA will kick off its £775m rights issue this week, according to reports.

The cash call to investors will be offered at a discount of 40% to 50% of the insurer’s share price to ensure investor support, reports The Times.

The rights issue will improve RSA’s capital position after a series of profit warnings.

Group chief executive Stephen Hester said last month that the rights issue would be launched in March and completed by Easter.

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