# RSA Group

RSA Group is an Insurance based in London, United Kingdom.

## Overview

- **Organization type:** Insurance
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 1710
- **Assets under management:** $15B–$20B (Altss estimate)
- **Website:** rsagroup.com
- **LinkedIn:** https://www.linkedin.com/company/rsa

## Regulatory record

- **Reports private funds:** No

## About

Discover the RSA difference: exceptional insurance products and a reliable claims service, designed by experts for businesses in the UK and around the world.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Fixed Income

## People

- Ken Norgrove — Chief Executive Officer, UK & International
- Charles Brindamour — CEO, Intact Financial Corporation

## Questions

### Who controls RSA Group's investment decisions?

RSA Group operates as a wholly-owned subsidiary of Intact Financial Corporation, a Toronto-listed insurer led by CEO Charles Brindamour. Within RSA, the UK & International CEO Ken Norgrove oversees the business, but investment strategy and asset allocation are set through Intact's centralized treasury and risk-management framework. Day-to-day portfolio management is executed by RSA's London-based treasury team under mandates approved by the parent group.

### What does RSA Group's investment portfolio look like?

RSA follows an insurer's liability-driven investment model. The portfolio is weighted toward fixed income — predominantly investment-grade corporate bonds and sovereign debt — that matches the duration of its insurance liabilities. Beyond the core bond book, RSA holds a tactical allocation to commercial real estate (including London's 22 Bishopsgate), infrastructure lending, and a diversified European property portfolio. The exact AUM figure is not publicly disclosed, though Altss estimates the total investment book at $15 billion to $20 billion.

### How does Intact Financial Corporation's ownership shape RSA?

Intact Financial Corporation acquired RSA's UK, Ireland, and international operations alongside Tryg A/S in a £7.2 billion deal completed in 2021, with Tryg taking the Scandinavian business. Since then, RSA operates as a distinct UK-regulated entity but reports into Intact's Toronto-based parent, benefiting from centralized balance-sheet management, reinsurance purchasing, and capital allocation. The relationship allows RSA to retain its brand and local regulatory identity while accessing the larger group's financial strength.

### What happened to RSA's personal lines business?

In 2024, RSA sold its direct Home and Pet insurance renewal rights to Admiral Group, signaling a strategic exit from the direct personal-lines segment in the UK. The sale did not include the underwriting entities or existing claims liabilities. The move aligned with a broader refocus on commercial insurance, where RSA holds stronger market positions and underwriting margins.

## Related profiles

- [RS Utility Structures 401(k) Plan](https://altss.com/profile/rs-utility-structures-401-k-plan)
- [RTW Financial Advisors](https://altss.com/profile/rtw-financial-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/rsa-group

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology