RSA on the hunt for more acquisitions
Insurer RSA today reported higher premium sales and said it would continue to consider acquisitions.
The firm, which acquired Canadian peer GCAN last month for C$420 million (£258 million), said net written premiums rose 10% from last year to £5.5 billion, driven by higher sales in Britain and overseas.
Premiums rose 33% in India, while RSA's net written premiums in Britain increased by 10%.
RSA also said it was looking for more acquisition opportunities. In August Aviva rejected the group's £5 billion approach for some of its core non-life insurance businesses.
"We continue to supplement organic growth with targeted acquisitions and have signed a further 10 deals in 2010, including GCAN in Canada and 123 Money in Ireland," said chief executive Andy Haste.
"We remain excited about the group's prospects and confident of delivering sustainable profitable performance."
