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RSA Insurance exits UK private motor market

Published

3 years ago

on

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By John Healy of Healy Insurances

RSA Insurance has announced it will exit the UK personal lines car insurance market over the next year, with a sale arranged to rival insurer, Swinton.

RSA Insurance was formed through the merger of Sun Alliance and Royal Insurance in 1996 and was acquired by Canadian multinational, Intact Financial Corporation in November 2021. RSA said the motor market in the UK remained competitive yet “requires significant scale to drive meaningful outperformance”.

The RSA motor business in the UK represents about £120 million of annual premium but the 'Insurance Times' reported that the RSA’s private motor segment was operating at a loss, meaning the lost premium does not represent an operating loss to the business.

“When we completed the acquisition of RSA, we were clear that we would take necessary actions to drive sustainable outperformance in UK and Ireland," Charles Brindamour, CEO of the Intact Financial Corp, said. "[The] announcement represents a further step in delivering against our strategic roadmap to optimise our footprint around Personal Lines, Home and Pet, and our Commercial and Speciality lines businesses.”

Car premiums in the UK have increased by 21.1% from February 2021 to February 2022. Market sources concluded that inflation and supply chain disruption are pushing up the costs insurers face in fixing and replacing vehicles. The average annual car insurance premium in the UK is £929 which rises considerably in London to £1,419.

At the time of writing, it has just been announced that RSA are also exiting commercial mini fleet insurance in the UK from June 1, 2023.

RSA have not made any comment on their Irish operations. In the Republic of Ireland, RSA Insurance offer car insurance products via Insurance Brokers and Bank of Ireland. RSA also own 123.ie.

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Win tickets for Killarney for Palestine sold-out INEC show

Killarney for Palestine has announced a fundraising competition that will give Killarney Advertiser readers a chance to win two tickets to the sold-out Night for Palestine concert in the INEC […]

Published

5 hours ago

on

28 November 2025

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Killarney for Palestine has announced a fundraising competition that will give Killarney Advertiser readers a chance to win two tickets to the sold-out Night for Palestine concert in the INEC on December 19.

The event, which features Amble, Beoga and Clare Sands, has already reached full capacity, but the group is offering two tickets along with a €250 Gleneagle Hotel Group voucher, which can also be used at the Brehon.
To enter, supporters are asked to make a minimum €5 donation to the group’s Chuffed campaign, which is raising funds for urgent medical support for a displaced family in Gaza.

The link to the campaign is:

http://chuffed.org/project/154575-urgent-medical-relief-for-mohammad-basyouni-his-kids

After donating, entrants must email proof of donation to:
killarneyforpalestine@yahoo.com
The competition runs on the group’s Instagram page @killarneyforpalestine, where full instructions are listed. A winner will be chosen at random and announced on November 29.
Killarney for Palestine says all proceeds from the INEC event will support Aclaí Palestine, a community gym based in Aida Refugee Camp, Bethlehem.

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100 years of Hegarty’s on Muckross Road

It all started as a living room ‘ticket in book’ corner store in 1924 founded by Mary Hegarty, mother of Donal (Dodo) Hegarty at Larrys Cross, Muckross, in the house […]

Published

9 hours ago

on

28 November 2025

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It all started as a living room ‘ticket in book’ corner store in 1924 founded by Mary Hegarty, mother of Donal (Dodo) Hegarty at Larrys Cross, Muckross, in the house in which Dodo was born and reared.

Developed into a filling station and ancillary shop in the 1960’s and into 1990’s when Dodo and his family developed the first Spar on Muckross Road.

Dodo passed the reins to his children, Majella, Liam, Donal and Adrian, the third Generation Hegarty family to run the business in 2022, instilling the importance of community spirit and neighbourly friendship.

The 4th generation are already working in the store and lined up to step into help running the business to carry forward long into the future 101 years and beyond.

Kerry Football legend Seán O’Shea was on hand to help with the celebrations.

Donal (Dodo) had the pleasure of cutting the ribbon on the newly refurbished shop in the company of his daughter Majella, sons Liam, Donal, Adrian and daughter Majella along with their spouses and children at the weekend.

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