Negative outlook reflects challenges in executing business restructuringLondon, 28 February 2014 -- Moody's Investors Service has today confirmed the following ratings of RSA Insurance Group Plc (RSA, the Group): the A2 insurance financial strength (IFSR) rating of Royal & Sun Alliance Insurance Plc (RSAI), and RSA's Baa1(hyb) guaranteed subordinated debt rating and associated ratings. The Prime-2 commercial paper rating of RSAI was also affirmed. This concludes the review initiated on 18 December 2013. The outlook on the long-term ratings is negative.

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