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Member, Beacon International Group, Ltd.
RSA Insurance Ireland Ltd. incurred a loss of €171.26 million ($182.1 million) in 2014, contributed by the fallout from financial and claim irregularities at the insurer, reported Irish Examiner.
RSA incurred €48.77 million in exceptional costs for restructuring, remediation and impairment of intangible assets during the year.
New accounts showed that RSA Insurance's revenues from gross premiums decreased 5% to €385.66 million.
The insurer received a capital injection of €137 million from its London-based parent firm RSA Insurance Group P.L.C. in 2014 because of the irregularities.