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RSA Swedish reserving not an issue according to analyst note

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There is no clear evidence of under-reserving at RSA, according to analyst Jefferies despite the fact in Scandinavian this remains inherently volatile.

In an investors note equity analyst James Shuck and equities associate Jonny Urwin wrote: "RSA erred on the side of caution in 2006-8 by extrapolating off deteriorating actuarial trends. Future

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