RSA Hits Back In Growing £150M Shareholder Fraud Suit

By Joanne Faulkner (September 14, 2021, 5:51 PM BST) -- RSA Insurance Group PLC has said that its management team had no knowledge of the accounting irregularities at its Ireland outpost as it fights back against new claims that the company defrauded the market by overstating its profits.

RSA Insurance Group has told the High Court in London that members of its management team did not know that its Irish subsidiary was under-reserving for claims. (iStock) RSA said in a defense on Friday in the High Court that former group CEO Simon Lee, Managing Director Paul Donaldson and chief accountant Chris Rash did not know that the Irish subsidiary was under-reserving...

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