FCA figures show interim payments of £268.2m and final settlements of £433.1m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,912.
The provider has also released its Q1 results, revealing a combined operating ratio of 86%.
The key job changes in the world of insurance this week.
Richard Horne has been appointed as regional director for the region at Gallagher.
As demand for flexible on-demand insurance products is accelerated by Covid-19, Insurance Age investigates what the challenges and opportunities are for brokers.
Following on from GRP's surprise purchase of Marsh Networks, Martin Friel investigates how consolidation is changing the networks landscape.
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.
Hodges will become chair of RSA UK&I once the proposed sale to Intact is completed.
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.
As consolidators make a land-grab in Scotland, Martin Friel investigates the future for independents in the region.
Canadian insurer Intact is set to buy RSA's Canadian and UK & International operations in the second quarter of this year.
CEO points to an underlying UK & Ireland COR of 96.7% and praises broker contribution as he looks ahead to Intact acquisition.
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.
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.
RSA shareholders voted to approve the deal last month.
Canadian provider Intact and Danish insurer Tryg made a cash offer for RSA in November 2020.
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.
Shareholders are set to vote on the deal, which would see the UK part of the business sold to Canadian provider Intact, in January.
It may be nearly Christmas but there are still job moves to announce.
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.
Mark Richardson examines Intact's track record when it comes to integrating acquisitions and its approach to working with brokers.
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.
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.
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.