RSA Group
Aviva denies corporate restructure will lead to separation of its UK GI business
Aviva has dismissed suggestions that separating its UK general insurance business from its international operations clears the way for the business to be spun off in the future.
Editor's comment: Messages from the market
Standing at the back of the annual results queue must be gratifying for a firm on its uppers. But not so much when, like Aviva, you have a £3.05bn post-tax loss to reveal and no one coming next to soften the blow.
Fraud: A war on all fronts
Fraud affects all lines of business and yet to date insurer focus on solving the problem has been on motor. Is it time for a shift in perception?
RSA director Sime to quit this summer
RSA sales and strategic relationships director Chris Sime has signalled his intention to leave the firm where he has spent the past 25 years.
RSA's sales and strategic relationship director to depart
RSA's sales and strategic relationships director for UK & Western Europe, Chris Sime, will be leaving the insurer at the end of June.
High Net Worth: Rich Pickings
With an increase in providers of high net worth insurance in recent years, wealthy customers have plenty to choose from. What can firms do to stand out from the crowd?
RSA beats peers to eighth place in Sunday Times best employer list
RSA has become the highest ranking insurer in the Sunday Times Top 25 Big Companies to Work For in 2013, coming eighth overall, compared to sixth in 2012.
Aviva to post £3bn+ loss: reports
Aviva could be set to post a full year loss of more than £3bn, according to reports in the Sunday Times.
Singapore looks to remove contract uncertainty
As the London reinsurance market discovered in the last decade, contract certainty sounds simple, but isn’t. Andrew Tjaardstra finds out the latest developments as Singapore edges closer to becoming the first Asian reinsurance market to introduce…
Latvia's Eurozone ambitions
If Latvia has its way it will become the 18th member of the Eurozone by the end of 2014. But as the country's institutions prepare to trade lats for euros, what are the implications for its insurance market?
Career file: Alison Rayner
BGL establishes new compliance role having poached RSA regulatory risk boss.
Rate hikes the only answer to CL market’s poor results
The dismal state of the UK commercial lines market can only be remedied by insurers inputting rate rises in 2013 and resisting their natural urge to compete on price, the heads of major firms have said.
View from the Top: Take a note out of Beefy’s book
The consumer benefits most when motor insurers work together, says Ian Currie, UK motor and injury claims director at RSA.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Tokio Marine Europe recruits underwriters from QBE, RSA
Tokio Marine’s European operation has swooped to recruit two underwriters to bolster its UK team.
Hiscox: UK downgrade could benefit shareholders
Hiscox chief executive Bronek Masojada has refused to panic over the loss of Moody’s AAA rating for the UK, saying the move may benefit shareholders.
Liberty Mutual subsidiaries to join RSA at the Walkie-Talkie
Liberty Syndicates and Liberty Mutual Insurance Europe have become the latest insurance operations to agree to let office space inside a soon-to-be completed London landmark known as the ‘Walkie-Talkie’.
RSA eyes wind farm opportunities after government gives greenlight
RSA has welcomed the government’s decision to approve the expansion of the Kentish Flats wind farm off the Kent coast.
Analyst opinion divided on RSA dividend cut
News that RSA plans to cut its dividend has been met with a mixed reaction from the analyst community.
Europe View from the Top: Testing times for European real estate
It goes without saying that the financial crisis has had an adverse and enduring effect on the global economy.
CIS calls for Competition Commission action on subrogated claims model
Co-operative Insurance Services has criticised the subrogated claims model used by RSA, despite having had a bilateral agreement with the insurer in place since last July
RSA's Brown: Commercial lines needs double-digit rate strength
RSA's chief executive of UK & Western Europe Adrian Brown has claimed the UK commercial market is "broadly underpriced by 10% to 15%".
RSA says Italy segment on track to break even in 2013
RSA posted 5% premium growth for the year ended December 2012, however its underwriting result was flat at €375m owing to adverse weather and earthquakes in Italy.
RSA's UK profit falls 37% as commercial losses take toll
RSA blamed adverse weather in the first half of 2012 and a weak marine and commercial liability performance on UK underwriting profit tumbling to £39m (2011: £62m) while the combined ratio was 98.2% (2011: 97.3%).