RSA Group
RSA takeover to be completed in May
The provider has also released its Q1 results, revealing a combined operating ratio of 86%.
People moves: 4 - 7 May 2021
The key job changes in the world of insurance this week.
Gallagher takes South West lead from RSA
Richard Horne has been appointed as regional director for the region at Gallagher.
Analysis: The rise of pay-as-you-go insurance
As demand for flexible on-demand insurance products is accelerated by Covid-19, Insurance Age investigates what the challenges and opportunities are for brokers.
Analysis: The future of the networks model
Following on from GRP's surprise purchase of Marsh Networks, Martin Friel investigates how consolidation is changing the networks landscape.
FCA data reveals progress as insurers settle Covid-19 BI claims
Updated figures show providers have made interim payments of £247.7m and final settlements of £352.1m since the Supreme Court verdict, but 12,217 policyholders are still waiting to hear whether their policies provide cover or not.
Ex-Towergate and Aviva boss Mark Hodges to join RSA
Hodges will become chair of RSA UK&I once the proposed sale to Intact is completed.
FCA reveals insurer claims payouts following BI test case verdict
Regulator says providers have paid out £192.1m in interim payments for unsettled claims and £279.8m in final settlements at it reiterates order to pay out quickly.
The future for broking in Scotland?
As consolidators make a land-grab in Scotland, Martin Friel investigates the future for independents in the region.
Intact commits to Scott Egan as RSA CEO
Canadian insurer Intact is set to buy RSA's Canadian and UK & International operations in the second quarter of this year.
Egan reflects on RSA UK numbers
CEO points to an underlying UK & Ireland COR of 96.7% and praises broker contribution as he looks ahead to Intact acquisition.
RSA UK COR deteriorates to 101.8%
The insurer said the UK figures were “heavily impacted” by Covid-19 and, excluding the pandemic the UK COR was 95.8%, as CEO Hester reflects on group performance since 2014 and flags exit.
FCA and insurers disagree on how to interpret Supreme Court BI ruling
Regulator says Supreme Court decision gives insurers the clarity they need to conclude their claims processes with most of their BI customers but a few issues still remain as parties make written submissions to the Supreme Court.
Intact's RSA takeover "on track" to complete in Q2 2021
RSA shareholders voted to approve the deal last month.
RSA shareholders say yes to £7.2bn takeover
Canadian provider Intact and Danish insurer Tryg made a cash offer for RSA in November 2020.
Test case insurers promise action after Supreme Court defeat
Providers pledge to review claims and contact customers after the Supreme Court sided with the FCA and policyholders in the final verdict over payment of BI claims arising from Covid-19.
RSA directors urge shareholders to vote in favour of Intact/Tryg takeover
Shareholders are set to vote on the deal, which would see the UK part of the business sold to Canadian provider Intact, in January.
People Moves: 14 - 18 December 2020
It may be nearly Christmas but there are still job moves to announce.
Brit takes CFO from RSA
Gavin Wilkinson will take up his new role in May 2021, succeeding Ki CEO Mark Allan who will be free to focus on the Google-supported start-up.
Analysis: Is the Intact takeover of RSA UK good or bad news for brokers?
Mark Richardson examines Intact's track record when it comes to integrating acquisitions and its approach to working with brokers.
No firm deadline for Supreme Court BI judgment
Judges pledge to work quickly but there is no certainty on when policyholders and insurers will get a decision on the business interruption appeal as hearing concludes.
FCA counsel argues "insurers took the plunge" on disease clause
The Superme Court hearing of the business interruption test case continued for the third day as lawyers compared coronavirus to the Great Storm of 1987.
Insurer QC accuses FCA of "hair splitting wordsmithery” as Supreme Court showdown continues
Insurers and the regulator set out their starkly differing views on the use of trends clauses on day two of the ongoing business interruption test case hearing at the Supreme Court.
RSA suitors agree cash offer
RSA board says it will recommend the £7.2bn deal to shareholders as Intact and Tryg take next step to buy and split the insurer.