5th Jul 2007 14:00
Royal & SunAlliance reaffirms full year guidance following UK flood losses Royal & SunAlliance Insurance Group plc announces an estimate of £55m, net ofreinsurance recoveries, for claims arising from the recent flood event in theNorth of England. The Group continues to deliver strong performance. The financial impact of thesefloods will be included in the Group's first half results, but does not affectits full year guidance, and the Group reaffirms its expectation of a combinedoperating ratio of better than 95% for 2007. Royal & SunAlliance is continuing to work closely with customers and localcouncils to provide immediate assistance and facilitate rapid claims processing.Royal & SunAlliance loss adjusters were among the first on the ground, arrivingwithin hours. Operating out of Royal & SunAlliance Emergency Response centres,the team is coordinating customer advice, fast-tracking emergency payments andaccommodation, actioning motor claims, and has ensured that all known affectedpersonal and commercial customers were contacted within 2 days. For further information: \* TAnalysts Press------------------------------- -----------------------------------Shona Cotterill Phil Wilson-Brown/ Sarah Hilyer------------------------------- -----------------------------------Tel: +44 (0) 20 7111 7212 Tel: +44 (0) 20 7111 7047/7327------------------------------- -----------------------------------Andrew Wigg Simon Moyse (Finsbury)------------------------------- -----------------------------------Tel: +44 (0) 20 7111 7138 Tel: +44 (0) 20 7251 3801------------------------------- -----------------------------------\* T Copyright Business Wire 2007Related Shares:
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