Insurer RSA suspends CEO, CFO of Irish unit

RSA Insurance said on Friday it had suspended the top executives of its Irish business while it investigates issues in the unit's claims and finance functions identified during a routine internal audit.

(Read more: RBS unit to pay $150 million to settle U.S. charges.)

The insurer said CEO Philip Smith, Chief Financial Officer Rory O'Connor and Peter Burke, a claims director, had been suspended.

It said no findings had been made against any individuals at this time, but as a result of these issues it estimated that its 2013 operating result would be 70 million pounds ($112 million) lower than current market expectations.


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