RSA facing pain from recent spate of UK flooding and Italian earthquakes, according to analysts
RSA is in line for a 35% fall in operating profits following the UK floods and two Italian earthquakes.
The wet weather this summer will cost RSA £40m net of reinsurance, and the earthquakes around £35m, leading to a 96% combined ratio, says analyst firm Investec.
RSA will also have to cope with a 15% fall in investment income as a result of lower bond yields and volatility in the markets.
