RSA Group
RSA Ireland CEO to lead global brokers division
RSA has appointed Phillip Smith as group director, global brokers in addition to his current role as chief executive of the insurer’s operations in Ireland.
Career development: RSA reveals ‘learning lab' plans
RSA has unveiled a training programme for staff in its 22 ‘platinum' broker partners in the South East.
Women drivers more likely to recommend their motor insurer
Women drivers are more likely to recommend their motor insurer than men, a survey of more than 12 000 pre-renewal consumers has found.
RSA ‘disappointed’ at consequential losses judgement
RSA has welcomed the judgement on its client’s warehouse riot case, which was burned and looted during the riots of August 2011.
Landmark ruling clarifies compensation under Riot Act
A judge has ruled the attack on a Sony warehouse in Enfield during the riots of August 2011 falls within the scope of the Riot (Damages) Act but that the consequential losses arising from the event do not.
Post Claims Club: Business strategy must lead the way in IT integration says RSA claims director
The key to successful IT integration is the development of a clear business strategy and operating model, according to RSA personal claims director Ben Horton.
Penny Black's Insurance Week - 12 September 2013
Penny was fascinated to see Scottish knitwear brand Lyle & Scott announce a bold new strategy for choosing its next CEO - Twitter.
Xchanging pilot boosts RSA capital efficiency 80%
RSA has seen its capital efficiency soar after entering into a pilot programme with Xchanging’s Netsett net settlement platform.
RSA launches broker trading site
RSA yesterday launched its first broker trading site in Redhill, designed to give its most valued brokers the flexibility of trading face-to-face for complex risks.
Argo International swoops for Willis wordings specialist
Lloyd’s insurer Argo International has recruited Willis wordings specialist Jill Unsworth.
Investment: Diminishing returns
Insurers are predicted to find it increasingly difficult to make high yields from investments, so what can the industry do to turn the tide and increase returns?
Industry hits back in fraud jail debate as insurers win crash-for-cash cases
Insurers have hailed a recent string of crash-for-cash fraud court victories – where a judge warned the public they risk prison if they participate in insurance fraud – as a victory against criticism of jail sentences for fraudsters.
Haste plotting swoop for Co-op's GI business
Former RSA boss Andy Haste has been linked with a private equity bid to buy the general insurance arm of Co-operative Group.
RSA extends outsourcing agreement wih Accenture
RSA has signed an extension with Accenture for its application outsourcing agreement for another five years to the end of 2020.
New senior fleet underwriter for Xbroker
Moorhouse subsidiary Xbroker has appointed David Grimsey as senior fleet underwriter.
Motor sector cites rates and reforms as COR soars
Motor insurers have bemoaned the impact of rock-bottom rates on their first-half figures, prompting some industry leaders to rule out further rate reductions in the second half of the year.
Editor's comment: Bad gambles see millions dropped
While the average 2.2 million viewers of The Million Pound Drop often urge contestants to take a gamble, they are well aware of one vital rule that it seems some insurers have forgotten: if you are not 100% sure of the answer, the only way to proceed is…
Market moves: Insurers on top as appointments enter summer lull
Insurers eclipsed brokers in the recruitment race this week, as appointment activity entered its summer lull. QBE property director Finlay Smith returned to RSA and notable hires were also completed at Novae and Covéa, where commercial lines director…
Markel takes more space in Walkie Talkie after Alterra acquisition
Markel International has finalised terms to pre-let additional space in 20 Fenchurch Street or the 'Walkie Talkie' building after completing its acquisition of Alterra.
XL Group appoints RSA's Jenkins as underwriting manager
XL Group has appointed Simon Jenkins as its underwriting manager for general property in the UK.
RSA's Brown says underlying result not as 'impressive' as headline figures
RSA’s improved commercial lines results are “overstated” according to UK and Western Europe chief executive Adrian Brown, who downplayed the results.
RSA posts 24% rise in H1 profit
RSA booked profit before tax of £250m for the first half of 2013, a 14% increase on the same period in 2012, while post tax profit was up 24% at £190m.
In Series: Claims: Joining forces
Bilateral agreements and a better use of technology can help insurers operate more efficiently when it comes to subrogation.
In Series: Claims: A moral dilemma
The industry is split over the ethics of subrogation. Will Competition Commission intervention resolve the situation once and for all, or can insurers find their own solution through bilateral agreements?