RSA Group
RSA to exit personal lines intermediated motor market in November
RSA has confirmed it is to withdraw fully from the personal lines broker motor market, ceasing to write new and renewal business from 1 November.
RSA loses telematics director Skerrett to Trak Global
RSA telematics director Bob Skerrett has left the insurer to take on the role of managing director of Trak Global’s insurance division.
Blog: Five big percentages to emerge from the latest results season
Other than an over-use of the word "benign", insurers' first half/second quarter results statements were also littered with significant percentage figures - both good and bad. This is Post's round-up of some of the headline-grabbing numbers.
Lewis focused on correcting 113.6% personal motor COR
RSA UK and Western Europe CEO Steve Lewis is "clearly focused" on improving the performance of the company's personal lines motor division after it reported a significantly deteriorated combined operating ratio for the first six months of 2015.
Zurich UK GI boss Sharma notes 'benefits' of RSA tie-up
Zurich’s UK general insurance boss Vibhu Sharma believes "synergies" could be achieved from a takeover of RSA but said the insurer would focus on making improvements in its own business if a deal could not be reached.
Hester bigs up RSA's ‘stand-alone' value in face of Zurich deal
RSA's strategy dictates it will have a strong stand-alone value in the coming years, according to group CEO Stephen Hester who has assured shareholders he is serving their interests in the face of a potential takeover bid from Zurich.
RSA reports record UK underwriting profits as Hester praises ‘excellent' progress
RSA has reported record UK underwriting profits of £77m and a combined operating ratio for the region of 94.4% for the first six months of 2015.
Young driver IPT exemption unlikely despite positive government talks
Hopes of securing an exemption from the insurance premium tax hike for young drivers are dwindling, despite “constructive” talks between industry figures and the Department for Transport last week.
Blog: Why £200m Nationwide household loss might not be a big deal for DLG
Direct Line Group CEO Paul Geddes was bullish today when the insurance group released its half year results.
RSA to record boom in profits by 2017, according to analyst estimates
Profits at RSA are predicted to skyrocket in 2017 after a year of marginal decline, according analysts’ consensus estimates.
RSA pushing for 600p per share offer from Zurich
RSA is said to be angling for a 600p per share price from interested purchaser Zurich - an increase on last week's reported price of 550p per share, according to reports.
Buying RSA 'not the best option' for Zurich shareholders say analysts
The rationale for Zurich’s takeover of RSA has been questioned by analysts who suggest the insurer would be better served by returning excess capital to shareholders.
RSA completes sale of Indian stake
RSA has announced that the sale of its stake in Indian insurer Royal Sundaram Alliance has been completed.
Zurich share price drop blamed on 'destructive history of acquisitions'
The 2% fall in Zurich’s share price yesterday (28 July) against a backdrop of a marginal market-wide uptick has been attributed to the “destructive history of acquisitions in the insurance sector and Zurich specifically”.
Zurich says any offer for RSA will likely be cash only
Swiss giant Zurich has said that any forthcoming offer for buying RSA will likely solely be in cash.
Blog: Rating the likelihood of a RSA takeover from Allianz to Zurich
Fifteen years ago I remember going on a press trip to Munich which took in a number of meetings with Allianz's top brass.
Potential Zurich takeover of RSA 'good for the industry' and for both firms
A swoop by Zurich for RSA would be “good for the industry” and would suit both businesses, according to market commentators, despite the likely loss of the RSA brand and subsequent job cuts.
RSA advises shareholders against action in light of Zurich interest
The board of RSA has noted the announcement that Zurich is evaluating a potential offer for the insurer, but have claimed talks have yet to take place and has advised shareholders not to take any action at this stage.
Zurich considers takeover offer for RSA
Zurich has confirmed it is evaluating an offer to buy UK-headquartered insurer RSA.
Insurers round on Aviva following 'disingenuous' ABS accusations
Aviva has been criticised for playing the “blame game” in the fight against fraud following accusations that rival insurers with alternative business structures are guilty of “feeding the beast” of fraudulent whiplash claims.
Walker begins Hong Kong QBE journey
Mark Walker, previously CEO of RSA Hong Kong, has started his role as CEO of QBE's Hong Kong operations.
Career File - Scott Egan: Scott Egan leaves Towergate for RSA
Towergate interim CEO Scott Egan is to join RSA as group chief financial officer and executive director with an annual salary of £525,000.
British Insurance Awards 2015: The winners
AIG, LV and Wilby were among the big winners at the British Insurance Awards – collecting two gongs apiece.