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Private equity can bring skills to the party in the shape of more efficient financial structures, but the fear is that traditional approaches, which keep other people's money safe, are being diluted.
Bidco, a wholly owned subsidiary of Canadian insurer Intact Financial Corporation, and Danish insurer Tryg A/S have completed their acquisition of RSA, effective today.
In 2021’s quarter one, RSA’s group operating profit nearly doubled versus this time last year – the insurer said it had “a significantly improved combined ratio and lower investment income” and that “each of our three regions performed ahead of prior year”. In terms of underwriting profit, group weather costs amounted to 1.7% of net earned premiums, compared to 3.7% in 2020. RSA’s large loss ratio was 9.8% at 31 March 2021, versus 9.4% in quarter one last year, or 8.8% excluding exits. The company added that its “attritional loss ratio improved overall and in each region, in...
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I’M writing this on the day of polling so I’m blissfully unaware at this point of the result of the election. Whilst twiddling my thumbs as I…