15th Jan 2021 15:39
RSA Insurance Group plc
Statement regarding the Supreme Court's judgment reached relating to the FCA's business interruption court proceedings
15 January 2021
Today the Supreme Court handed down its judgment on the appeals made with respect to the High Court judgments handed down in September 2020. We welcome the clarity that today's judgment brings for both customers and the insurance industry.
We are continuing to evaluate the court judgment, but do not currently expect the net loss estimates in relation to the policies before the Court to change materially from those previously reported. Reinsurance protection is expected to apply.
RSA continues to communicate regularly with our customers to update them on the status of individual Business Interruption claims, including those impacted by the court case, and is committed to paying claims as quickly as possible, including issuing interim payments where appropriate.
RSA will publish preliminary full year results at the end of February.
Enquiries:
Investors & analysts | Press |
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Charlotte Jones | Natalie Whitty |
Chief Financial Officer | Communications Director |
Tel: +44 (0)7788 578067 | Tel: +44 (0)7584 342052 |
Email: charlotte.jones@gcc.rsagroup.com | Email: [email protected] |
Matt Cohen | Alex Jones |
Investor Relations Manager | Head of News & Public Relations |
Tel: +44 (0)7967 343633 | Tel: +44 (0)7769 287291 |
Email: [email protected] | Email: [email protected]
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Other information
LEI number: 549300HOGQ7E0TY86138
The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in this press release shall be construed as a profit forecast.
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