The move means the insurer has raised $2.7bn in the past 18 months.
Biba’s Steve White considers the impact of recent headlines that don’t reflect the real truth about insurance.
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.
Takeover, which valued the business at £1.66bn, sees Hastings delist from the London Stock Exchange.
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.
The Supreme Court heard arguments from lawyers representing QBE, Argenta and MS Amlin on 16 November as insurers began their appeal of the September judgment handed down in the FCA’s business interruption test case.
The market says underwriting room is "here to stay" as the Daily Mail reports that a consultation next year could see the room scaled back.
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
If a firm offer is made Intact will buy RSA's Canadian and UK & International operations.
Provider says new platform had been built in collaboration with brokers and designed to simplify the claim reporting process.
Offering was designed exclusively for fleets and single vessels operating throughout inland and coastal waters of the UK and Western Europe.
The product is available to UK brokers and aimed at SMEs and the self-employed.
How can broker leverage insurtech products to provide the best solutions for customers? Leakbot’s Craig Foster weighs in.
Keep up to date with the latest market moves.
Swiss Re chief economist says the insurance industry is more resilient than expected, while the global economic outlook remains fragile.
The broker has purchased specialist marine pleasure craft insurance provider, Haven Knox-Johnston, for an undisclosed sum.
The Lloyd's syndicate will stop writing business on 31 December in another loss for the liability market.
Some brokers expect potential deal to re-energise RSA, while others criticise the provider's "poor performance" and predict an uncertain future for its UK operations.
But PPI remains the most complained about product as body highlights proposed fee structure in wake of coronavirus.
The hearing in the FCA's business interruption test case starts on 16 November and will be heard by the same judges that oversaw the Orient Express case, which insurers have been relying on during the court proceedings.
The countdown to our essential week-long event, Broker Exchange, is well underway. Join us virtually and pick and choose your sessions which begin on 30 November.
CFC cyber claims manager Ashley Burdon discusses how cyber claims play out in real-time.
Two potential bidders are circling and proposing to split the provider.
The Covid-19 crisis, and subsequent national and local lockdowns, have hit the hospitality sector hard, but, as Sam Barrett reports, there are concerns for the future. However, there are reasons for optimism and a number of ways for brokers to help their…