RSA to target Latin America

RSA Insurance has fixed its sights on Latin America after revenues grew in the first nine months of the year.

The company said income from insurance premiums rose 4 per cent to £6.2bn in the period due to a strong performance from its emerging markets business.

Simon Lee, the chief executive, said two recent acquisitions in Argentina would boost the insurer's performance in the fast-growing region.

He admitted the UK market remained "challenging", with the company's motor insurance business suffering in recent months.