RSA Group
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.
RSA admits weighing rights issue plans
RSA has admitted it is weighing plans to strengthen its balances sheet through a rights issue, but stressed that no final decision has been made.
RSA partners with Caravan Guard on fifth wheel cover
Caravan Guard has responded to an increase in fifth wheel caravan enquiries by extending its portfolio to include the niche cover.
Motor insurance regulator mooted by Straw slammed as ‘unnecessary’
Former Home Secretary’s parliamentary counterpart Evans ‘dead against’ idea.
Tulloch’s flood defence funding plan fails to generate industry support
Analysts say insurers are unwilling to invest in defences without clear returns.
Insurers to supply experts to PM’s flood grant scheme
Insurers have agreed to supply a team of technical experts to work with the government on a scheme to provide grants to flooded home and business owners at today’s Downing Steet flooding summit.
Hester reportedly plotting £350m share placing
RSA chief executive Stephen Hester is reportedly looking to investors to raise as much as £350m for the insurer in an emergency cash call.
RSA unleashes pet claims management system
RSA has today launched a new pet claims management system in a bid to enhance its customer service.
ABI confident insurers will get behind its personal injury code of conduct
Code aims to combat perception of insurers exploiting PI claims.
Covéa recruits former RSA, Zurich, Axa underwriters
Covéa has recruited three senior underwriters from rival insurers in a bid to bolster its commercial lines unit.
Editor's comment: RSA's big signing
Its competitors were mentally selling off its books of business, the rating agencies were all poised for a downgrade and its shareholders were not planning on dining out on their investment any time soon.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
Career File - Giles Baxter: Gallagher recruits RSA IT boss for new CIO role
RSA's UK and Western Europe IT and change leader Giles Baxter has joined Arthur J Gallagher as its international chief information officer.
3D Printing: Get ready for the 3D revolution
With 3D printing expected to totally transform manufacturing, what does it mean for the insurance industry?
RSA mid-markets boss Wilkinson exits
RSA mid-market regions director Dan Wilkinson has left the insurer after just over a year in the job.
RSA commits to Edinburgh by opening new trading site
RSA has opened a new trading site in Edinburgh following feedback from brokers in the region.