RSA Group
Penny speed meets... Tara Kneafsey, SME director, RSA UK
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Insurers rally to hail their technologies as Avantia claims flood risk first
The competition to get the upper hand in the use of sophisticated data to underwrite flood-prone properties has already started, as it seems increasingly unlikely the Statement of Principles will be renewed beyond June 2013.
FSA's 'twin peaks' transition model welcomed, but further clarity sought
The Financial Services Authority's decision to create a 'twin peaks' operating model to mirror the upcoming regulator has been hailed as a "chance to get it right for the future".
RSA's Brown re-jigs top team to make business less 'complicated' to deal with
RSA’s UK and western European CEO Adrian Brown today outlined plans to simplify its business in order to get closer to its customers, whether brokers or consumers, having admitted that its structure may have previously been “too complicated”.
RSA wins Home Retail pet insurance contract
RSA has been awarded a five-year contract by the Home Retail Group to be the sole provider of its pet insurance for Argos and Homebase.
Tokio Marine hires ex-RSA construction underwriter
Tokio Marine Europe has appointed David Wainwright to lead a new construction practice for the company in the UK.
Greening’s proposals put the ‘cart before the horse’
John Spencer has reacted following comments made over the weekend about the personal injury system by Transport Secretary Justine Greening.
ACIS develops system to speed up car body repairs and reduce claims costs
A new programme to help car body repairers cut cycle times and speed up workflow has been launched by ACIS.
How will the ECJ gender ruling impact European insurers?
As the national press continues to probe the impact of the European Court of Justice’s gender ruling on the European consumer, Francesca Nyman asks if European insurers can comply and still retain their competitive edge.
Aviva and Brit credit hire cases reach Court of Appeal
Seven credit hire cases involving Aviva and Brit are set to be heard in the Court of Appeal later this month, Post has learnt.
RSA job cuts not mark of wider trend says recruiter
Regulatory changes are likely to keep technical roles in-house, however, the number of support function redundancies are expected to rise as an industry-wide outsourcing trend continues in 2012.
Towergate continues to streamline insurer panels with Allianz and Brit deal
Allianz Insurance is poised to reap more than £40m of SME business in the next three years after regaining the lead position on the Towergate Commercial Underwriting panel.
Editor's comment: Slim pickings at Groupama
It didn’t take long for some insurers to begin sharpening their knives and forks, and start planning how they can prey on the perceived wounded animal that is Groupama UK.
Brokers wary over Groupama transfers as S&P puts Aviva and Axa on rating alert
Up for sale insurer may be helped by wider eurozone worries.
In series - On data: An era of androgyny
With gender set to disappear from the underwriting landscape at the end of 2012, what factors will insurers turn to when accessing risk?
Directors' and officers': Under the spotlight
With boardrooms coming under increasing scrutiny, the potential for expansion in the D&O market is being recognised by savvy insurers, especially in the SME space.
Insurers face payouts over ‘tainted’ Autofocus reports
Major insurers face huge payouts to credit hirer Accident Exchange after a judge ordered “thousands” of cases involving “tainted” Autofocus reports to be heard by the Court of Appeal.
Thirty insurers linked to Costa Concordia disaster
More than 30 insurers are likely to carry the cost of stricken Costa Concordia cruise ship.
Towergate explains Allianz deal
Towergate’s CEO of commercial underwriting has explained to Post why RSA, Aviva, Ageas and NIG who were previously on the panel, have been dropped.
RSA confirms around 120 jobs at risk
RSA has confirmed that around 120 roles are at risk of redundancy following a review of the UK business.
Rival insurers remain committed to in-house adjusters despite Aviva move
UK insurers have affirmed their commitment to in-house loss adjusters, following the news that Aviva has transferred 80 of its claims staff to a G4S subsidiary.
Marine hull insurers await rating impact in wake of cruise ship sinking
The Costa Concordia cruise ship disaster has been called the largest insurance loss in maritime history with some suggesting it could be “bigger than the Titanic”.
Mergers & Acquisitions: Bucking the trend
As the market weighs up the value of assets such as Groupama and Brit’s UK arms, deal making by insurers appears to be buoyant, especially when compared to other industry sectors. But is this a trend that is set to continue?
Insurers criticised for continued DWS support
Liquidators have refused to clarify debt implications after DWS Bodyworks - a bodyshop chain implicated in RSA’s disputed subrogation policy – was bought out of administration by former directors last week.