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7 December 2023Insurance

RSA makes strategic exit from UK personal lines market with sale to Admiral

RSA Insurance Group and its parent Intact Financial Corporation have agreed to sell RSA’s UK direct personal lines operations, representing approximately £165 million of annual premiums, to Admiral Group. 

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24 February 2014   RSA Insurance Group is considering raising capital by way of a rights issue following a £200 million fraud in the Irish unit and substantial losses related to flooding in the UK.
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26 February 2019   RSA Insurance Group has appointed Charlotte Jones as new chief financial officer, replacing Scott Egan who moved to become CEO of the company's UK & International division earlier this month.
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28 March 2023   The move aims to drive costs down and simplify its business to focus on core lines