Former RSA Ireland CFO fined €70,000 and barred for eight years

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Rory O’Connor, former executive director and chief financial officer of RSA Ireland Insurance, has been fined €70,000 (£63,400) and disqualified from financial services management responsibilities for eight years and four months by the Central Bank of Ireland.

O’Connor has admitted to participation in the insurer’s failure to maintain sufficient technical reserves through involvement in under-reserving of large loss claim reserves estimates between February

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