LONDON (ShareCast) - Timothy Mitchell, the Group Underwriting and Claims Director of RSA Insurance Group, has sold 77,500 shares a few weeks after the firm posted a significant decline in profits.

Mitchell traded in the shares for 113.48p each, earning himself a total of £87,947.

At the beginning of the month the firm claimed a solid performance in a challenging environment in the first half of 2012, even though profits fell by more than a third.

Profit before tax declined 38% to £233m in the six months to the end of June from £376m in the first half of 2011.

Net written premiums edged up 2% to £4,276m from £4,188m the year before. That represents a slow-down from the first quarter, when net written premiums were up 5% to £2.2bn.


Top Director Buys

Aquarius Platinum Ltd. (AQP)
Director name: Mr Nicholas T Sibley
Amount purchased: 100,000 @ 37.88p
Value: £37,890

Independent Resources (IRG)
Director name: Mr Timothy Bidewell James
Amount purchased: 167,500 @ 8.50p
Value: £14,238

Independent Resources (IRG)
Director name: Mr Timothy Bidewell James
Amount purchased: 167,433 @ 8.50p
Value: £14,232

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