Supplemental IE Report RSAI Sun & Marine - Royal and Sun Alliance
Supplemental IE Report RSAI Sun & Marine - Royal and Sun Alliance Supplemental IE Report RSAI Sun & Marine - Royal and Sun Alliance
Milliman Client Report 1.8 The conclusions set out in this Supplemental Report are based largely on data provided by RSAI as at 30 September 2011 (and in some cases as at 30 June 2011). RSAI has informed me that there have been no developments since the latest data made available to me which are relevant to the Schemes. 1.9 This Supplemental Report has been prepared in accordance with the following applicable Technical Actuarial Standards (“TASs”), as issued by the Board for Actuarial Standards: the Insurance TAS, Transformations TAS, TAS- R (Reports); and to the extent relevant TAS-D (Data) and TAS-M (Modelling). This Supplemental Report, together with the Reports and the Report for the PAGI Schemes and supplemental report for the PAGI Schemes are intended to form an “aggregate report” as defined in TAS-R. Supplemental Report of the Independent Expert 4 November 30, 2011
Milliman Client Report 2. BUSINESS DEVELOPMENTS IN THE RSA GROUP 2.1 In the 9 months to 30 September 2011, the UK managed business of RSAI wrote net premiums of £2,318m, up by 7% from the same period in 2010. This increase was said to be as a result of rate increases and targeted organic growth and deals. 2.2 In the same period, net written premiums in the Italian business (written in Sun, Sea and National Vulcan) amounted to £175m. This represented a 7% increase versus 2010 (or 6% at constant exchange rates). This increase was said to be driven by rating actions on the motor portfolio. OPERATIONAL PLANS 2.3 2.4 In the period since writing my Reports, there have been no changes in the operational plans of the RSA Group that have led me to alter my conclusions as set out in the Reports. Further, RSAI has confirmed to me that it has no planned future changes to its operational plans that would have a material effect on the security of its policyholders. I believe that it is unlikely that any events occurring between the date of this Supplemental Report and the Effective Date would affect the conclusions set out in the Reports and in this Supplemental Report. Supplemental Report of the Independent Expert 5 November 30, 2011
- Page 1 and 2: Milliman Client Report Supplemental
- Page 3: Milliman Client Report 1. INTRODUCT
- Page 7 and 8: Milliman Client Report 3.12 The mot
- Page 9 and 10: Milliman Client Report 4.7 The RSA
- Page 11 and 12: Milliman Client Report 4.16 The maj
- Page 13 and 14: Milliman Client Report 6. POST-TRAN
- Page 15 and 16: Milliman Client Report 7. OTHER CON
- Page 17 and 18: Milliman Client Report 8. CONCLUSIO
- Page 19: Milliman Client Report APPENDIX B.
Milliman Client <strong>Report</strong><br />
2. BUSINESS DEVELOPMENTS IN THE RSA GROUP<br />
2.1 In the 9 months to 30 September 2011, the UK managed business of <strong>RSAI</strong> wrote net premiums of £2,318m, up by 7%<br />
from the same period in 2010. This increase was said to be as a result of rate increases <strong>and</strong> targeted organic growth<br />
<strong>and</strong> deals.<br />
2.2 In the same period, net written premiums in the Italian business (written in <strong>Sun</strong>, Sea <strong>and</strong> National Vulcan) amounted<br />
to £175m. This represented a 7% increase versus 2010 (or 6% at constant exchange rates). This increase was said<br />
to be driven by rating actions on the motor portfolio.<br />
OPERATIONAL PLANS<br />
2.3<br />
2.4<br />
In the period since writing my <strong>Report</strong>s, there have been no changes in the operational plans of the RSA Group that<br />
have led me to alter my conclusions as set out in the <strong>Report</strong>s. Further, <strong>RSAI</strong> has confirmed to me that it has no<br />
planned future changes to its operational plans that would have a material effect on the security of its policyholders.<br />
I believe that it is unlikely that any events occurring between the date of this <strong>Supplemental</strong> <strong>Report</strong> <strong>and</strong> the Effective<br />
Date would affect the conclusions set out in the <strong>Report</strong>s <strong>and</strong> in this <strong>Supplemental</strong> <strong>Report</strong>.<br />
<strong>Supplemental</strong> <strong>Report</strong> of the Independent Expert 5<br />
November 30, 2011
Change language