UK - Chief executive of insurer Royal & SunAlliance Bob Mendelsohn conceded "disappointing" figures for 2001, as the group saw operating profits dive from £426m to £16m in just 12 months.
RSA revealed that it was severely impacted by the World Trade Center attacks, with costs estimated at £215m, and claims provision increases of £384m related to asbestos and discontinued business. T...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
