RSA Group
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.
RSA performs offshoring U-turn as customers demand UK call centres
Closure of insurer’s customer-centric Indian call centres to create 350 UK jobs.
Insurers frustrated as MoJ defers increase in small claims track threshold
Justice Secretary confirms medical expert panels will be introduced for whiplash.
Opportunistic Fraud: Zero tolerance
With opportunistic fraud attracting little public attention compared with large-scale organised fraud, the insurance sector is battling to change attitudes to such crime and develop methods to catch its perpetrators.
Former Lloyd’s exec Langley to head government Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
RSA stock boosted by takeover rumours
Rumours of a buyout at RSA have seen the insurer’s share price climb 3.1p yesterday, reaching a high of £1.27 at the close of business on the London Stock Exchange.
Industry warns over reputational risk of FCA’s ‘name and shame’ policy
Regulator’s new plans could see individuals under investigation outed publicly.
RSA’s ‘ghost broker’ handed 15 month suspended jail time
A man who fraudulently re-sold invalid car insurance policies has been given a 15 month jail sentence, suspended for two years.
RSA relocating Indian call centres to UK
RSA is to close its Indian call centres and create 70 new jobs in the UK.
RSA regional director Shepherd joins Allianz Commercial
Allianz Commercial has appointed former RSA regional director Mark Shepherd to the firm’s London branch where he will take on the position of regional underwriting manager.