11/11/13 Market Movements
Markets closed up 19.95 points at 6,728.37.
|RSA Insurance (BBL)||Moved further away from its TSP||Current price(11/11/13) = 108.1p, TSP = 133p|
RSA Insurance has fallen this morning after the group has commissioned an independent review of its financial and regulatory reporting processes and controls as it suspended three senior executives at its Irish unit, it on Sunday. RSA has said it suspended the three over “issues in the Irish claims and finance functions” identified in a routine internal audit, but no further details have been provided. The company has now injected capital into RSA Insurance Ireland to ensure its solvency ratio was in excess of 200%, the benchmark ratio set by Ireland’s central bank.