RBS Insurance ramps up claims reserves by a further £100m in Q3
RBS Insurance today said it had set aside a further £100m for bodily injury claims reserves, largely relating to periodic payment orders. This follows the £320m established in respect of bodily injury in quarter two by the owner of Direct Line and Churchill.
Overall RBSI reported an improved operating result (£33m loss and 110.2% combined operating ratio) in quarter three compared with the second one (£203m loss and 128.7%COR). In quarter three 2009 RBSI
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