RSA boosts capital following financial scandals

摘要

Troubled insurer rsa boosted its capital in the wake of costly weather-related claims and accounting irregularities in its Irish business with the sale of a £400m subordinated bond. Former RBS boss Stephen Hester took over the leadership of the company in February this year and is planning to drive a recovery by selling assets and a plan to raise up to £1.6bn in capital, around half of which came from an equity sale in April. RSA also needs to refinance a £450m bond callable in December of this year.