RSA acquires Benchmark Underwriting

by David Masters

Story link: RSA acquires Benchmark Underwriting

RSA Insurance Group yesterday announced the acquisition of Ireland-based Benchmark Underwriting Limited.

Established in 2004, Benchmark provides household and commercial insurance, and has gross assets of €3 million.

Its gross written premiums in 2008 were around €10 million.

Philip Smith, RSA Insurance Ireland chief executive said: “We have a very strong business in Ireland and this acquisition is consistent with RSA’s strategy of building leading positions in targeted segments”.

RSA Insurance Ireland is one the country’s largest providers of general insurance.