RSA Group
RSA launches £773m rights issue
RSA has launched a rights issue to raise £773m in proceeds - £748m net of expenses.
RSA prepares to launch £775m rights issue
RSA is set to launch a £775m rights issue this week according to reports.
BIA Countdown: 20 years of commercial lines
As part of Post’s countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to commercial lines specialists who have experienced wins over the years, asking them how the industry has changed since the first BIAs in 1994.
In Series: Data: Down the data rabbit hole
Data is expected to drive change in the insurance industry, with greater volumes set to create distinct opportunities.
Penny Black's Insurance Week - 13 March
Who knew the humble photograph could be so political? Penny was aghast when she realised the issues a simple picture could generate!
Career file - Mike Holliday-Williams RSA’s Holliday-Williams to replace Woolgrove at DLG
Direct Line Group has recruited RSA Scandinavia chief executive Mike Holliday-Williams to replace outgoing UK personal lines managing director Tom Woolgrove.
RSA Ireland recruits CEO from rival Zurich
Zurich’s Irish chief executive Ken Norgrove is to move to RSA from June after being appointed to replace former Ireland CEO Philip Smith.
DIS 2014: Insurers urged to take a 'test and learn' approach to digital strategy
RSA’s chief marketing officer Peter Markey has urged insurers to take a ‘test and learn’ approach to their digital strategy when looking to demonstrate return on investment.
RSA promotes Lowther to UK & Western Europe CFO
RSA has named emerging markets chief financial officer Sean Lowther as the new CFO for UK and Western Europe.
Concerns remain despite RSA CEO Hester unveiling strategic action plan
S&P upgrades insurer to ‘A’ as boss pledges to transform firm’s fortunes.
2013 results: insurers’ CORs boosted by benign weather but RSA takes £244m hit
Insurers’ full‑year results were bolstered by largely benign weather conditions last year as many firms sacrificed market share in motor and home segments to retain profitability.
RSA's Holliday-Williams to replace Woolgrove at DLG
UK personal lines managing director Tom Woolgrove is to leave Direct Line Group, and will be replaced by RSA Scandinavia chief executive Mike Holliday-Williams.
Dye hopes storms will have 'corrective' impact on rates
The impact of poor weather in the fourth quarter of 2013 and the first quarter of 2014 could see rate strengthening across a number of business lines, Allianz Insurance chief executive Jon Dye said today.
RSA upgraded to A by S&P as strategic actions are undertaken
RSA has welcomed the decision by Standard and Poor’s to upgrade its rating to ‘A’ with a stable outlook following a rights issue and wider strategic actions undertaken by the insurer.
ELTO success rate hits 77%
The volume of search enquiries on the Employers’ Liability Tracing Office database more than doubled in 2013 compared to 2012, preliminary data released by ELTO showed.
Fitch keeps RSA on negative watch
Fitch has said it will keep RSA's 'A' insurer financial strength on rating watch negative amid capital raising measures by the firm.
RSA's Irish business faces 'two year turnaround'
RSA's UK and Western Europe chief executive Adrian Brown said the firm's Irish business faces “a two year turnaround" before it is back on track.
Europe: Pet insurance opportunities
With around $1bn premium volume, the pet insurance market in the UK is by far the world's biggest - but increasing competition and rising vet fees over the past few years have seen what was once fertile ground become a highly contested area, with a large…
UK and Ireland at the core of Hester's 'self help' action plan
RSA group chief executive Stephen Hester has vowed to “grasp the nettles of both underperformance and undercapitalisation” by launching a strategic action plan in a bid to transform the insurer’s fortunes following “poor” 2013 results.
RSA's Asia division under review
RSA's Asia division is potentially up for sale after new group CEO Stephen Hester excluded the region from its core business strategy going forward.
RSA reports £244m loss as Hester says UK 'needs to improve'
RSA Group this morning reported a pre-tax loss of £244m in 2013 (2012: £448m profit).
RSA launches £775m rights issue
RSA is aiming to raise £775m in a rights issue, dispose of several geographic divisions and will not pay a dividend for 2013 after a pre-tax loss of £244m.
Insurers doubtful government will approve VAT waiver for flood repairs
Business secretary calls for VAT on flood renovation and repairs to be cut to 5%.
C-Suite – Insurer: Where will the tech journey lead?
Insurers should be looking to seize upon the opportunities presented by telematics and driverless cars.