RBSI catches a claims "cold"
Royal Bank of Scotland Insurance has reported its first ever quarterly loss during the last three months of 2009, blaming the "industry phenomenon" of the UK claims environment for a £170m hit.
Overall group profits decreased over £500m year on year to just £58m in 2009.
Paul Geddes, chief executive officer at RBSI, attributed the £170m loss in quarter four last year, a £183m decrease on
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