R&SA Adds $100 M To WTC Reserves
NU Online News Service, Aug. 8, 10:00 a.m.EST?Royal & Sun Alliance Insurance Group plc, theparent of Royal & SunAlliance USA, reported a $100 millionaddition to its reserve provision for losses from the World TradeCenter disaster this morning, in conjunction with its six-monthearnings report.
The earnings announcement said that the reserve additionaccounted for nearly all of the difference between operatingearnings for first-half 2002 and first-half 2001.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.