RSA Group
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.
Brown to continue as interim RSA Ireland CEO as search for new boss begins
RSA has confirmed that UK and Western Europe chief executive Adrian Brown will fill the void left following Philip Smith’s resignation, as the insurer begins its search for a new RSA Ireland CEO.
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.
Gallagher snaps up RSA's Fowler for regional sales role
Arthur J Gallagher has appointed former RSA broker account manager Pamela Fowler as regional sales director for Scotland and Northern Ireland.
Underwriting Service Awards 2013: Winners announced
Last night saw the fourth annual Underwriting Service Awards take place at the Royal Garden Hotel.
Andy Haste tipped for TSB chair role
Former RSA boss Andy Haste is the front-runner to take up the chairman role at high street bank TSB, according to reports.
S&P downgrades RSA
Standard & Poor’s has lowered RSA’s financial strength and issuer credit ratings from A+ to A, attributable partly to losses related to issues in its Irish operations.
RSA CFO downplays S&P downgrade
RSA's chief financial officer Richard Houghton has responded to the firms downgrade by S&P saying the move brings it into line with the Moody's and Fitch.
Scepticism remains over ‘underwriting discipline’ in Q3
Full-year results expected to take a hit from St Jude storm.
RSA’s Lee facing ‘personal crisis’ amid share price drop and future uncertainty
Simon Lee’s position as RSA group chief executive is under threat following a week that saw the insurer issue two profit warnings, which triggered a share price plummet, market insiders have claimed.
Editor's comment: Pass me a fork
It appears you can teach an old dog new tricks. Not so long ago I used this space to berate insurers for their lack of action in commercial underwriting, with firms talking the talk but not walking the walk.
Fitch affirms RSA ratings but increases scrutiny of governance procedures
Fitch Ratings has affirmed RSA’s insurer financial strength rating at 'A' and long-term issuer default rating at 'A-' following the profit warning issued by the insurer last week.
RSA shares down 11% after two hours of trading
Shares in RSA have tumbled more than 10% after the insurer warned that its profits would be £70m lower than market expectations after an audit uncovered issues with claims and finance in its Ireland operation.