RSA to exit UK personal lines motor market

RSA parent company Intact Financial has announced that the insurer is leaving the personal lines motor market in the UK.

The decision, taken after “a thorough review”, will see RSA run off around £120m of business.

Intact has struck a deal to introduce MORE THAN direct motor customers to Swinton Insurance on renewal.

RSA will focus on home and pet insurance, aiming to grow the direct business that it does while managing partnerships for value.

Charles Brindamour, chief executive officer at Intact, said: “When we completed the acquisition of RSA, we were clear that we would take necessary actions to drive sustainable outperformance in UK&I.”

“Today’s announcement represents a further step in delivering against our strategic roadmap to optimise our footprint around personal lines home and pet, and our commercial and speciality lines businesses.”

Ken Norgrove, chief executive officer at RSA UK and International, added: “Our primary focus now is on delivering an orderly transition that supports our colleagues and customers.

“We have incredibly talented people working in this business, and we’re committed to treating them with fairness and respect.”

Image source: Canva

Mark Dugdale