RSA Group
Editor’s letter - May 2012
“The real concern for brokers is that all this change creates a deep sense of uncertainty”
RSA hoping to create jobs in Belfast
RSA will not be cutting any jobs in the wake of the revamp of its Northern Ireland operations.
RSA revamps Northern Ireland operation with £5m investment
RSA has announced a £5m investment in its Northern Ireland operations and said it intends to become the number one insurer across the whole of Ireland.
RSA to focus on small non-UK acquisitions
Simon Lee, group CEO at RSA, has confirmed the provider would be targeting smaller acquisitions outside the UK and was not seeking to make a major billion pound purchase.
Willis unveils new electronic portal with Simply Business
Willis has teamed up with Simply Business to launch Willis eQuote, a new e-trading comparison platform exclusively for Willis Network members.
RSA to reduce broker panel to achieve commercial profitability
RSA's 2011 report and accounts has confirmed that the insurer will take a more “targeted approach” to its broker distribution in the UK.
Fitch affirms RSA's rating at A
Fitch Ratings has affirmed RSA’s Insurer Financial Strength (IFS) rating at A, and its long-term Issuer Default Rating (IDR) at A-.
Hiscox expands HNW motor capability
Hiscox has strengthened its UK art and private client division with three motor appointments.
Aviva raids RSA for new underwriting chief in personal and commercial lines shake-up
Aviva has appointed new heads of underwriting for both personal and commercial lines.
RSA appoints trading director in SME push
RSA has appointed David Swigciski as SME trading director reporting to SME commercial director Tara Kneafsey as of April this year.
Allanfield appoints from Gallagher Heath and H W Wood
Specialist real estate insurance broker Allanfield Group has appointed Paul Williams and Paul Leader as managing directors.
HDI-Gerling hires liability underwriter from rival
HDI-Gerling has signed a new liability underwriter as the industrial specialist bids to grow its international portfolio.
Arista makes fleet underwriting appointments
Arista Insurance has made two new appointments to its fleet team in Birmingham.
QBE snares RSA's SME boss for senior role
QBE has turned to two of its largest rivals to secure a brace of senior hires.
Purple signs up Oak and Rural to panel
Purple Partnership has teamed up with Oak and Rural Insurance to offer further mid to high net worth cover options along with an agricultural risk specialism to members.
Editor’s letter - March 2012
“Read between the lines and you will detect some belief that the worst of the bad times may be over”
Brokers on the brink?
Administrations, threatened product pull-outs and agency culls have sparked brokers’ fears over the future of the market
FOS reveals PPI complaints halved in H2 2011
The Financial Ombudsman Service (FOS) received a total of 106,193 complaints between 1 July and 31 December 2011, and figures show that Barclays Bank was by far the biggest culprit in terms of payment protection insurance (PPI) complaints.
RSA receives rating upgrade from S&P
RSA Group has had its second piece of good ratings news in as many weeks with Standard & Poor’s (S&P) upgrading the insurer to A+ Stable.
AM Best confirms RSA's 'A' rating
RSA has had its ‘A’ rating for financial strength confirmed by AM Best.
RSA delivers good 2011 result but commercial continues to drag
RSA UK delivered £310m profit before tax on premiums of over £3bn in 2011 while turning in a combined operating ratio (COR) of 98.2%.
RSA appoints CFO from Aspen
RSA has appointed Richard Houghton to the role of group chief financial officer with effect from early June 2012.
RSA commercial chief threatens to exit unprofitable markets
RSA’s commercial chief has confirmed that he will pull out from product lines that are not working for the insurer as he continues his revamp of RSA’s commercial book.
Chubb rides in with seven new staff
Chubb Insurance has recruited seven new senior London-based employees to enhance its personal lines offering.