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RSA Insurance exits UK private motor market

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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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Centra Muckross Road supports Kerry Stars with bottle return donation

Centra Muckross Road supports Kerry Stars with bottle return donation

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Sheahan’s Centra on the Muckross Road has made a significant donation to the Kerry Stars Special Olympics Sports Club using proceeds from unclaimed deposits at the shop’s bottle return machine.


Aisling Sheahan and the team at the Muckross Road store presented the cheque to members of the club this week. The funds were generated through the return scheme located at the front of the shop, where customers have the option to donate their return vouchers to local causes.
The donation comes at a busy time for the Kerry Stars, who have returned to training this week following the Easter break. The club provides a wide range of sporting outlets for children and adults with intellectual disabilities, including athletics, therapeutic horse riding, basketball, and soccer.
Preparation is also underway for the Special Olympics Ireland Summer Games, which take place in Dublin this June. Four athletes have been selected to represent the Kerry Stars at the national event.
The club is currently open to new members across most of its disciplines, though a long waiting list remains for Friday evening swimming sessions as the group continues its search for a qualified swim coach in Killarney. Training will continue until the summer break in May before resuming again in September.
Those interested in joining the club or inquiring about the coaching vacancy can contact Kerry Stars at kerrystars63@gmail.com or by calling 087 2365664.

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Soroptimist make €3k donation to Rockmount Care Centre

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Members of the Killarney Soroptimist Society visited the Rockmount Care Centre on Wednesday, to present a cheque for €3000 to Nurse Manager Mary Hussey.


The significant sum was raised during the society’s successful annual pancake morning held on Shrove Tuesday at the Killarney Avenue Hotel.
Rockmount Care Centre provides essential support as a dedicated day care facility for individuals living with Dementia and Alzheimer’s, serving many clients and families from the Killarney area.
These funds arrive at a vital time, as they are earmarked for the centre’s new sensory garden project, which is currently in the design phase.
Pictured at the presentation are Soroptimists members handing over the proceeds to Mary Hussey. The society extended their thanks to the Killarney Avenue Hotel and all those who supported the fundraiser to help make this donation possible.

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