RSA Group
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.
RSA shares down 11% after two hours of trading
Shares in RSA have tumbled by over 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.
RSA appoints PWC to investigate Irish business 'issues'
RSA has appointed consultancy firm PwC to undertake ‘a comprehensive review’ of the issues identified last week in its Irish business.
RSA Ireland suspends CEO and issues £70m profit warning
RSA's Irish insurance operation has suspended three top level bosses as part of an investigation into claims and finance issues.
RSA sees shares slide after ROE warning
RSA has seen its share slump in trading today after this morning warning that return on equity could tumble to below 10% following storm losses.
My best XV Selected by Russell Berry, Towergate
Russell Berry, graduate trainee at Towergate Underwriting, selects his best XV and wins two tickets to see England v Argentina on 9 November in the QBE Rugby Internationals.
International: Europe: Changing the channel
A recent study suggests insurers are failing to take advantage of digital channels. How can they harness the benefits on offer?
Pet Insurance: Paws for thought
The cost of pet insurance claims has skyrocketed in the past five years, prompting some insurers to withdraw from the sector altogether. How can those that remain respond to the difficult market conditions?
High Street Brokers: Word on the street
While many had expected the increase in alternative methods of buying insurance to signal the demise of high-street brokers, they are still going strong. What are they doing right?
RSA anticipates sub-10% ROE as storm losses hit home
Storm losses have been cited as a major contributing factor behind RSA adjusting its financial estimates, with group chief executive Simon Lee anticipating return on equity for the year to be below 10%.
Aviva personal lines CUO Robinson returning to RSA
Aviva's personal lines chief underwriting officer Hayley Robinson is to return to RSA from next week, Post understands.
RSA, Aviva and Lloyds subsidiary in frame for storm losses says Moody’s
Losses from the St. Jude’s Day storm are expected to suppress insurer’s 2013 profitability, particularly against the backdrop of declining premium rates in property insurance in recent quarters.
Europe: Changing the channel
In a competitive market such as insurance, industry players need to keep up with their customers to target the most effective channels for communication and engagement.