DAILY NEWS Nov 8, 2012 10:52 AM - 0 comments

RSA's premium growth rises in Canada, emerging markets

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RSA Group’s net written premium for the first nine months of the year in Canada was up 6% to £1.2 billion, mainly from good performance in personal lines, while the company overall reached £6.2 billion.

Much of the growth is attributed to emerging markets, where RSA saw growth of 15%, with its net written premium reaching £887 million for that segment. On Nov. 8, £1 was worth about C$1.60.

Net written premium for the company’s Western Europe and United Kingdom business remained flat at about £2.7 billion for the first nine months of the year (ended Sept. 30).

The company’s recent acquisitions in Canada and Argentina are also “progressing well,” RSA’s group CEO Simon Lee noted in a statement.

The company is forecasting a combined operating ratio of better than 96% and investment income of around £500 million for 2012.

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