Editor's comment - RBSI: happy at home
Following the announcements of staff cuts and the possible withdrawal of NIG from personal lines, Royal Bank of Scotland Insurance showed its hand this week, and it was — to say the least — a little soiled by bodily injury claim losses.
RBSI recorded an adjustment of £320m in the first half of 2010 alone, with £241m of reserve strengthening relating to prior years. It was, therefore, no surprise that RBSI recorded an operating loss
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