RSA Group
Market Moves - 24 September 2015
Who has moved where in the world of insurance this week?
Watch this webinar today at 11am: Technology and Innovation for Insurance Reinvention
A recent survey from Consumer Intelligence found that almost one in ten people (9%) are interested in how the connected home could reduce their insurance premiums through sharing data on perils such as flood and theft.
Driverless cars concerns can be overcome, claim insurers
Concerns around the vulnerability of driverless car systems to hacking have merit but do not present an insurmountable obstacle to mainstream uptake, according to insurers involved in the development of autonomous vehicles.
Future bids expected for RSA as Zurich pulls plug on acquisition
RSA's appeal as an acquisition target has not been diminished by Zurich's decision to pull the plug on takeover talks, according to market analysts, who have nevertheless suggested that a future deal is unlikely to take place in the short term.
Zurich abandons RSA approach
Zurich has abandoned its bid to buy UK rival RSA after poor trading in its general insurance business.
RSA promotes Middle to global telematics role
RSA head of telematics partnering Paul Middle has been promoted to a global role that will see him assume the UK responsibilities vacated by former RSA telematics director Bob Skerrett.
Career Development: RSA goes for Platinum
RSA has launched its new platinum broker leader programme.
Market Moves - 17 September 2015
All the latest recruitment news from the world of insurance.
High-tech fraud: Faceless threat
Fraud has gone high tech, with the potential damage that hackers using the internet can cause becoming a real danger. Now the industry is starting to use high-tech methods to fight back.
Ecclesiastical swoops for Covéa's former real estate head
Ecclesiastical has appointed Chris Withers as property investors development manager.
Police to investigate RSA's missing storage device
RSA is working with police to investigate a storage device containing customer information that is missing and has been reported as stolen.
Blog: Do we need a Royal Society for the Protection of British Insurers?
Speaking to someone yesterday they wondered aloud why more noise had not been made about the fact that an increasing number of traditional British insurance brands were potentially on the chopping block.
Q&A: Ian Massingham: Head in the clouds
Amazon Web Services’ technical evangelist Ian Massingham talks up the benefits of cloud computing to insurers and brokers, helping them to innovate and save money.
Towergate broking boss Lawton departs after three year stint
Towergate insurance broking CEO Mike Lawton is to exit the business three years after joining from RSA.
RSA sells Latin American operations
RSA has sold its Latin American operations to Colombia's GrupoSura for around £403m in cash.
Jeff Hosking (RSA): In the future, "most major losses will have an international aspect"
The best way to handle a major loss is to adopt an outcome-driven approach, says Jeff Hosking, head of major damage claims at RSA. In the future, major losses will increasingly have an international dimension, he predicts, also forecasting that insurers…
RSA in the news
RSA has been busy of late. Keep up to date with what has happened and is happening with our blog.
Zurich deal represents 'excellent value' for RSA shareholders
Zurich’s proposed offer for RSA represents “excellent value” for RSA shareholders, according to analysts at Berenberg investment bank, but the case for Zurich shareholders is less compelling, they suggest.
Zurich proposes 550p a share cash offer for RSA
Swiss giant Zurich made a proposal this morning (25 August) to purchase RSA's entire share capital in cash for 550p a share, which RSA's board said it could recommend subject to further negotiations.
Zurich asks RSA to extend bid timeframe
Zurich has asked RSA for more time to make a formal offer for the business ahead of the bid deadline tomorrow, according to reports.
Blog: Could bids for RSA Lat Am arm help Hester scupper Zurich takeover?
With the clock ticking before Zurich has to put up or shut up in line with the takeover panel code rules, it is no surprise to see speculation intensifying as to what might happen with RSA.
UK PI sector to reach £1.5bn GWP in 2019, Timetric predicts
The UK professional indemnity insurance sector will be worth more than £1.5bn in 2019, advisory firm Timetric has forecast.
UK insurer CEOs lament IPT hike as H1 results are squeezed
Industry CEOs have criticised the government’s "regressive" decision to increase insurance premium tax, but have dismissed the tax hike represents a disconnect from government, amid widespread profit drops and combined operating ratio deterioration at…
Insurers pledge support to intermediated motor market after RSA withdrawal
Large insurers have remained staunch in maintaining their presence in the personal lines broker motor market after RSA announced on 12 August it is to fully withdraw from the channel.