RSA Increase in UK Sales

Boosted by rising car insurance rates, RSA has managed to exceed city expectations in relation to income generated in the first quarter of 2010.

The £2billion pound global insurance giant enjoyed an increase of 7% (annual growth) and the group are confident that income and profitability will continue to perform strongly for the remainder of 2010.

RSA has teamed up with Tesco for a pet insurance product which is expected to add £100million in premium  in the next year.

The group was expected to perform at around 3% growth but actually achieved 5% growth in spite of significant UK and European weather events in the last 12 months and exposure in South America to earthquake claims.