RBS Insurance reports jump in income and premium following Churchill takeover
Royal Bank of Scotland Insurance today announced that it had increased its income income by 52% (to £1106m) and contribution by 32% to £468m (2002 - £355m). After reinsurance, RBS Insurance said its premium income increased 62% or £1167m to £3061m.
Following the acquisition of Churchill on 1 September 2003 RBS Insurance now claims to have 19.3 million policyholders in the United Kingdom, making it the second largest general insurer there, and 1Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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