Ireland
RSA admits weighing rights issue plans
RSA has admitted it is weighing plans to strengthen its balances sheet through a rights issue, but stressed that no final decision has been made.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
Prudential's Nuvoloni appointed DIMA chairman
Dublin International Insurance & Management Association has appointed Marco Nuvoloni as chairman of the association, replacing the outgoing Stephen Devine.
Axa Ireland handed Moody's upgrade
Axa’s Irish general insurance operation has been upgraded by Moody’s to an Insurer Financial Strength Rating of A2, with a stable outlook.
Horsemeat Scandal: Making hay
The horsemeat crisis first hit the news in January 2013, leading to more regulation in the food industry. However, not all cases resulted in litigation
Ace enhances D&O cover as liability and cyber top emerging risks poll
Ace has enhanced its directors' and officers' cover for the UK and Irish markets in response to market developments and feedback from its broker panel.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
RSA weighs up fund-raising options as it seeks to avoid rating downgrade
Insurer facing potential £35m fine and may need to raise up to £300m in capital.
Editor's comment: Bring on the sales
It’s January, and as we all face the prospect of seasonal affective disorder setting in as we return to work and continue to rise before sunrise and head home in the dark, the good news is it’s sale time.
RSA facing potential £35m fine from Irish regulator
RSA could still be hit with a £35m fine as the Central Bank of Ireland continues its investigation into the control failures in the insurer’s subsidiary.
RSA’s Brown weeks away from appointing Ireland CEO
RSA hopes to complete the recruitment of a new Ireland chief executive imminently, according to UK and Western Europe chief executive Adrian Brown.
RSA taking advice on action against Deloitte over Ireland accounts
RSA is taking advice on whether it can pursue action against Deloitte for approving accounts in Ireland that were later found to include inaccurate and misleading information created by “inappropriate collaboration” between senior executives.
RSA receives 'a clean bill of health' following PWC investigation
A PWC investigation into failing in RSA’s Ireland business has handed the insurer “a clean bill of health” according to Shore Capital analyst Eamonn Flanagan.
RSA confident PWC report will find no issues outside of Ireland
RSA has underlined its confidence that a PWC investigation into serious financial irregularities uncovered at its Irish operation will confirm the issues in Ireland as an isolated incident.
RSA to release Irish review findings next week
RSA will release the key findings of PwC’s review into the financial and regulatory reporting processes and controls within the Irish Business next Thursday.
Hiscox merges UK & Ireland and Europe businesses
Hiscox is to merge its UK and Ireland business and its European operation into one unit entitled Hiscox UK and Europe.
External candidate expected to replace Lee at RSA as sale speculation mounts
Analysts say firm could seek to raise capital by selling international operations
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.
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 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 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.
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.
Plum Underwriting expands renovation product to ROI
Plum Underwriting has launched its Home Works product in the Republic of Ireland to protect homeowners undertaking extensive building extension projects and renovations.