Integration and restructuring costs push RSA to 2023 loss

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RSA has reported a £19m pre-tax loss for 2023, despite improving on both its 2022 underwriting and investment performance.

The insurer’s accounts for 2023 reveal that it incurred integration and restructuring costs of £162m across the year, of which £94m were related to acquisitions and disposals announced during the year

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Jason Harris, QBE

Having spent a quarter of a century working in insurance, Jason Harris, who joined QBE as chief executive for international in October 2020, is a familiar face in the sector.

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