RSA Group
Covid BI claims payments surpass £1bn
The latest set of figures from the FCA show providers have made initial payments worth £328.9m for unsettled claims and final settlements of £696.2m.
In-depth - data: Scheme machine
Information is vital for convincing providers to back a scheme and, as Martin Friel finds out, the richer the data brokers have, the more likely a new scheme will get off the ground and succeed
Simply Business teams up with RSA
Simply Business has extended its partnership with RSA in a move which sees the insurer join the broker’s panel of landlord insurance providers.
Covid BI claims payments near £1bn
FCA figures show interim payments of £331.2m and final settlements of £636.7m have been made since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 6,073.
RSA posts loss for first half of 2021
Following its takeover by Intact, RSA's UK, Ireland, Europe and Middle East operations also reports gross written premiums of £2.3bn.
How can the industry solve its talent crisis?
Brokers, insurers and industry experts discuss the main obstacles in attracting young talent and what the industry can do to solve its image problem.
FCA data shows Covid BI claims payments now total £875.5m
Updated figures reveal providers have made initial payments for unsettled claims worth £308.9m and final settlements worth £566.6m since the Supreme Court verdict in the FCA test case.
Biba launches home insurance scheme
Biba has stated that the scheme offers comprehensive cover, including unlimited buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000.
People Moves: 28 June- 2 July
Stay up-to-date with the latest job changes in the world of insurance.
Experts highlight how industry must develop to succeed
Panellists at the CII Conference discussed the changes the industry needs to make in order to meet customers' needs and what skills brokers can work on in order to maintain lucrative relationships with clients.
Covid BI claims payments hit £765.8m
FCA figures show interim payments of £289.5m and final settlements of £467.2m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,152.
Hiscox takes from RSA for head of art and private client role
Cheralyn Perry, most recently partnerships director at RSA, takes the newly created position.
RSA boss Egan commits regional broker focus following Intact takeover
Egan says RSA's turnaround phase is over as he discusses what the sale to Intact will mean for the UK and International business.
Simply Business adds RSA to panel
The broker will offer RSA and More Than products to SME customers.
RSA takeover completes
Canadian insurer Intact reveals its plans for RSA's UK and International business as it makes its first move into the UK market.
High Court approves RSA sale
The £7.2bn takeover of RSA by Intact and Tryg was announced last year.
Covid BI claims payments hit £701m
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.
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.