RSA launches Excess of Loss product

Date: 17 July 2023

RSA Insurance has today announced that it is to expand its market-leading Professional Indemnity offering (or Professional and Financial Risks (Profin) portfolio) and launch an Excess of Loss (XOL) product.

The XOL product, which is now available to brokers and commercial lines customers throughout the UK via RSA’s Regions business, is aimed at a range of businesses with annual professional fees of £1.5 million and above, including accountants, engineers, building contractors, surveyors and IT companies.

Excess of Loss cover, also known as Excess Layer Professional Indemnity cover, is a product that arises due to the inability or unwillingness of an 'underlying' or primary layer insurer to provide the Insured with the full limit of indemnity required.

The excess layer policy indemnifies the Insured 'in the terms of the primary policy' provided that the indemnity under the primary policy is to be paid in full. It is not uncommon to have several excess layer policies and, in each case, it is necessary for the underlying insurance to be exhausted before the indemnity under the next excess layer is 'triggered'.

Ed Ambrose, Head of Professional Indemnity at RSA Insurance said:

“We’re really pleased to be expanding our portfolio to offer brokers XOL (Excess of loss) cover. We’re constantly talking to brokers and customers, and our discussions with them, including at our Profin roadshows earlier this year, really clarified the demand out there for RSA to provide this cover.

“This new offering will play an important role in helping us meet the diverse needs of our brokers and customers. XOL gives us an even more extensive offering and helps make RSA a one-stop shop in the market.”



Oliver Hibberd, Senior PR Manager

Tel: +44 (0) 7917 052 467


Notes to editors

About RSA Insurance

RSA Insurance is a multinational insurance group. We are one of the world’s oldest general insurers, providing peace of mind to individuals and protecting small businesses and large organisations from uncertainty. We use our capabilities to anticipate and improve outcomes for customers via our direct channel, our broker relationships or partner organisations. We have established businesses in the UK, Ireland and continental Europe.

In 2021, the former RSA Group Plc came under new ownership and is now a wholly-owned subsidiary of Intact Financial Corporation.

For more information about RSA Insurance, please visit