RSA to exit Czech market

Insurance giant RSA said it would run down its Czech motor insurance business because it was not generating sustainable profits.

Insurance giant RSA said it would run down its Czech motor insurance business because it was not generating sustainable profits.

RSE will close DIRECT Pojiovna, its direct motor insurer in the Czech Republic, to new business and will place the existing portfolio into run-off with immediate effect.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.