Insurance Post

UK and Ireland at the core of Hester's 'self help' action plan

Stephen Hester

RSA group chief executive Stephen Hester has vowed to “grasp the nettles of both underperformance and undercapitalisation” by launching a strategic action plan in a bid to transform the insurer’s fortunes following “poor” 2013 results.

The firm this morning unveiled a 106.6% combined operating ratio for its UK and Western Europe operation (2012: 100%), alongside a £100m drop in net written premiums from £3.689bn in 2012 to £3.589 in

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