Geddes says RBSI won't "crack open the champagne" just yet
Bosses at RBS Insurance have attributed a dramatic third quarter operating profit turnaround of £615m over the past 12 months to a combination of factors, including an exit from broking personal lines and general business re-pricing.
Results released today by the insurer showed that the nine month combined ratio has been reduced to 101% from the half year stage COR of 103%, while total profit for the first three quarters of 2011
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