RSA hit with large losses of £142mn

RSA suffered large losses of £142mn ($204mn) in its core
operations in the first quarter of 2016, which comprised 9.5
percent of the group's net earned premium (NEP) for the period.
This represents a 1 percentage point increase on the same
measure in Q1 2015.
The overall group large loss ratio for the quarter was 8.5
percent, also 1 percentage point higher year-on-year, RSA said in
an interim management statement this morning (5 May).
Weather events impacted the carrier's core...