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RSA group underwriting profit up 24%, as UK remains tough

RSA this morning reported a UK underwriting profit of £48m for the first half of 2008 (H1 2007: £51m) in what it described as its “toughest market”. It added UK premiums were up by 1% to £1.4bn, with a combined operating ratio of 96.2% (H1 2007: 96.1%).

FSA changes RDR timetable

The FSA has announced that it will change the timetable for publishing feedback on the Retail Distribution Review (RDR) Discussion Paper with the full feedback statement now due to be published in November.

Pick of the week

Reporter Louise Meeson and supplements and online editor Stephanie Denton look at the major stories f...

Appointment at Oval

Oval has appointed Marcus Simeoni to head of its London market casualty broking team. He has more th...

Aon suspends three staff

Global broker Aon has placed three employees from its UK aviation team on a leave of absence pending...

Aon income reaches $1.1bn

Aon's second quarter net income improved to $1.1bn (£563m) in the second quarter of 2008 from $240m ...

Appointment at Ace

Ace has appointed Phil Sharpe as director of casualty and major risks for the UK and Ireland. In thi...

Appointment at THB

James Truscott has been appointed to the board of THB's underwriting agency Unicorn Underwriting as ...

Instant event cover

Event managers can now access event insurance instantly, Hiscox has claimed, after the firm decided ...

Cooper Gay outsources

Cooper Gay has entered into an outsourcing agreement with Xchanging. The broker will outsource speci...

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