RSA moves to boost US reserves
Royal & Sun Alliance will strengthen its US reserves by £160m following the review of its reverses announced recently. The company said "this strengthening is within the expectations laid out in the nine months results announcement and is consistent with the rationale for setting up the contingent liability at the time of the rights issue."
RSA said the majority of this strengthening (£95m) is in connection with workers' compensation, which has been independently reviewed by Tillinghast-TowersPerrin, with the balance across a number ofOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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