RSA Group
RSA confident PWC report will find no issues outside of Ireland
RSA has underlined its confidence that a PWC investigation into serious financial irregularities uncovered at its Irish operation will confirm the issues in Ireland as an isolated incident.
Implications of RSA motor repair victory to be assessed by competition body
Court of Appeal rejects Allianz and Covéa case against RSA’s subrogation model.
Aviva and Sampo floated as potential suitors for RSA
Investment bank UBS has lifted its price target on RSA from 100p to 113p and issued a buy rating for the insurer, based on the prospect of a consortium bid for the firm led by Scandinavian rival Sampo.
RSA shares up 6% at close after investigation reports
RSA’s share price has climbed 5.75% over the course of Monday’s trading following reports this weekend that a PWC investigation will conclude issues in its Irish business remain isolated.
RSA to release Irish review findings next week
RSA will release the key findings of PwC’s review into the financial and regulatory reporting processes and controls within the Irish Business next Thursday.
Polaris renews IBM imarket contract
Polaris UK has renewed its imarket contract with IBM following a strategic review.
Allianz mulling over Supreme Court subrogation appeal
Allianz says an appeal to the Supreme Court is “more than likely” following the dismissal of its RSA subrogation appeal.
Allianz and Covéa subrogation appeal against RSA dismissed
An appeal from Allianz and Covéa against last year’s High Court RSA subrogation verdict has been dismissed by the Court of Appeal this morning.
Europe: Ecall opportunities
What does the long-anticipated road safety initiative Ecall – set to be introduced across the EU in October 2015 – mean for the insurance industry?
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
RSA’s A- S&P rating “seriously at risk”
RSA may be facing a further downgrade from rating agency Standard and Poor’s putting the insurer’s most significant operations outside the range of many of its business partners.
S&P points to 'weak management' at RSA following downgrade
Standard & Poor’s has attributed a succession of profit warnings at RSA culminating in the resignation of chief executive Simon Lee for its decision to downgrade its ratings on the company and its core subsidiaries to 'A-' from 'A'.
Fitch puts RSA ratings on negative watch
Fitch has placed RSA’s 'A' insurer financial strength rating on watch negative following the announcement of further reserve strengthening in relation to its Irish business.
Investors urge RSA 'to solicit takeover bids'
Beleaguered insurer RSA has been ordered to put itself up for sale by several major investors, The Sunday Times has reported.
RSA will pay Lee £824k through 2014
Former RSA chief executive Simon Lee will be paid £824 000 in monthly installments over the course of 2014 as part of the terms of his resignation.
Lee speculation took its toll on staff, claims RSA UK boss Brown
RSA UK and Western Europe chief executive Adrian Brown has maintained that although speculation on the future of Simon Lee hit staff at the insurer, service levels remained unaffected.
Axa, Allianz and Zurich among 'corporate predators' circling RSA, claims analyst
Axa, Allianz and Zurich have been touted as likely bidders for RSA after the firm’s share price plummeted following news of chief executive Simon Lee’s “inevitable” resignation.
Blog: Ex-RSA CEO Simon Lee, the David Moyes of insurance
It is fitting that in the week where David Moyes credentials as Manchester United manager are being sorely questioned following a run of home league defeats, Simon Lee has resigned as group chief executive of RSA.
RSA bids forecast as shares plummet 20%
RSA will face acquisition bids if its share price falls too far according to Shore Capital analyst Eamonn Flanagan.
RSA chairman Scicluna to serve as interim CEO following Lee resignation
RSA chief executive Simon Lee has resigned as the insurer revealed it will pump £135m into its troubled Irish division.
RSA no longer facing pay out two years after tragic M5 crash
RSA is no longer expecting to be on the hook for claims relating to a fatal motorway pile-up after the fireworks contractor in charge of a display held on the night of the crash in which seven people died was cleared of breaching health and safety laws.
RSA deploys emergency vehicle in Lincolnshire
RSA has deployed its emergency response vehicle to Boston in Lincolnshire to assist people affected by flooding.
DLG closing the gap on Admiral as dividend yield hits 7%
Direct Line Group has paid dividends of 16p per share in 2013 and has achieved a dividend yield of 7% for the year to date.
RSA Ireland CEO resigns as financial irregularities probe takes its toll
The chief executive of RSA Ireland has resigned after claiming that recent allegations of serious financial irregularities at the insurer had caused great strain to him and his family.