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RSA Forced To Inject 83 Million Euro Into Irish Operations

The insurance company RSA which owns the 123.ie brand has been forced to inject up to 83 million eur...
TodayFM
TodayFM

7:48 PM - 8 Nov 2013



RSA Forced To Inject 83 Millio...

News

RSA Forced To Inject 83 Million Euro Into Irish Operations

TodayFM
TodayFM

7:48 PM - 8 Nov 2013



The insurance company RSA which owns the 123.ie brand has been forced to inject up to 83 million euro in its Irish operations.

It follows an investigation by the company which found that it wasn't setting aside enough money to deal with all potential compensation claims.

The company's Chief Executive and a number of other executives have been suspended pending a full investigation.

Business Editor Ian Guider says that The Central Bank is advising that no policy holders money is affected by this decision:



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