RSA posts £9m loss for first half of 2023

Markets news

RSA has posted a £9m loss for the first half of 2023 and hired Aviva’s former transformation director James Godfrey to try to future-proof its technology, digital and data capabilities.

For the year to 30 June 2023, the group reported a profit before tax of £55m compared with £224m for the first half of 2022.

However, after tax, the insurer posted a £9m loss for the first half of

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FCA overwhelmed by feedback on naming and shaming

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator will “really take our time” when considering its proposed plans to name firms it is investigating before any decision has been made.