Insurance Post

RSA shares down 11% after two hours of trading

Stock exchange

Shares in RSA have tumbled by over 10% after the insurer warned that its profits would be £70m lower than market expectations after an audit uncovered issues with claims and finance in its Ireland operation.

The insurer revealed on Friday that it had suspended its Ireland chief executive, Philip Smith, chief financial officer Rory O'Connor and claims director Peter Burke while an internal investigation

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