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United Kingdom

RSA Insurance Group PLC (RSA.L)

RSA.L on London Stock Exchange

518.00GBp
20 Mar 2019
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3,044,917
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Latest Key Developments (Source: Significant Developments)

RSA Insurance appoints Jupiter's Charlotte Jones as CFO
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - RSA Insurance Group PLC ::RSA INSURANCE GROUP PLC - APPOINTMENT OF CHARLOTTE JONES AS CHIEF FINANCIAL OFFICER..RSA INSURANCE GROUP PLC - JONES REPLACES SCOTT EGAN.RSA INSURANCE GROUP PLC - JONES EXPECTED TO TAKE UP CFO POSITION BY SUMMER 2019..  Full Article

UK markets watchdog says no need for major wholesale insurance market remedies
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - :FCA SAYS HAS NOT FOUND EVIDENCE OF SIGNIFICANT LEVELS OF HARM IN WHOLESALE INSURANCE BROKER MARKET THAT MERIT INTRODUCTION OF INTRUSIVE REMEDIES..FCA HAS, HOWEVER, IDENTIFIED SOME AREAS OF CONCERN WHICH HAVE SCOPE FOR IMPROVEMENT.  Full Article

Insurer RSA Says Recruitment Of New CFO Underway
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - RSA Insurance Group PLC ::RSA INS GRP - SCOTT EGAN TO BECOME CEO, RSA UK & INTERNATIONAL.RSA INSURANCE GROUP PLC - RECRUITMENT OF A NEW CFO FOR RSA IS UNDERWAY AND AN APPOINTMENT IS EXPECTED TO BE ANNOUNCED IN COMING WEEKS.RSA INSURANCE - STEVE LEWIS, CURRENTLY CEO OF RSA'S UK & INTERNATIONAL DIVISION, WILL STEP DOWN FROM THIS ROLE AND LEAVE RSA.  Full Article

Insurer RSA Gets Court Nod For Transfer Of European Insurance Business To Luxembourg Hub
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - RSA Insurance Group PLC ::RSA INSURANCE - COURT SANCTIONED RSAI PART VII TRANSFER, WHICH FACILITATES TRANSFER OF RSAI'S EUROPEAN INSURANCE BUSINESS TO RSA LUXEMBOURG.RSA INSURANCE- FOLLOWING PART VII TRANSFER, RSAL WILL BECOME THE NEW EU HEAD OFFICE OF RSA’S BRANCHES IN BELGIUM, FRANCE, GERMANY, NETHERLANDS, SPAIN.  Full Article

RSA Insurance Reviews Specialty And Wholesale Business, Exiting 3 Lines
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - RSA Insurance Group PLC ::RSA INSURANCE - INTERNATIONAL CONSTRUCTION, INTERNATIONAL FREIGHT & FIXED PRICE MARINE PROTECTION UNITS UNLIKELY TO SATISFY PROFITABILITY REQUIREMENTS.RSA INSURANCE- RESTRUCTURING PART OF AN ONGOING REVIEW TO STREAMLINE THE GROUP’S INTERNATIONAL EXPOSURE, IMPROVE UNDERWRITING, PRICING ACCURACY.RSA INSURANCE - INDEMNITY INSURANCE BUSINESS ALSO UNLIKELY TO SATISFY PROFITABILITY REQUIREMENTS.RSA INSURANCE - EXITING BUSINESSES THAT IT CONSIDERS UNLIKELY TO SATISFY PROFITABILITY REQUIREMENTS WITH IMMEDIATE EFFECT OR AT CONTRACT EXPIRY.RSA INSURANCE GROUP PLC - ACTIONS ARE EXPECTED TO REDUCE PREMIUMS WRITTEN THROUGH THE LONDON MARKET BY RSA BY AROUND ONE THIRD IN 2018 VERSUS 2019.  Full Article

Hastings Group Says Market Conditions Competitive, Premiums Written Rise
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Hastings Group Holdings PLC ::HASTINGS GROUP HLDGS - Q3 TRADING UPDATE.HASTINGS GROUP HOLDINGS PLC - MARKET CONDITIONS HAVE REMAINED COMPETITIVE DURING Q3, WITH FALLING AVERAGE MARKET PREMIUMS.HASTINGS GROUP HOLDINGS PLC - FOR QUARTER, CUSTOMER POLICY NUMBERS WERE BROADLY FLAT.HASTINGS GROUP HOLDINGS PLC - LIVE CUSTOMER POLICIES WERE 2.70 MILLION AS AT 30 SEPTEMBER 2018, A 4% YEAR ON YEAR INCREASE.HASTINGS GROUP HOLDINGS PLC - MARKET SHARE OF UK PRIVATE CAR INSURANCE OF 7.5% AS AT 30 SEPTEMBER 2018.HASTINGS GROUP - GROSS WRITTEN PREMIUMS UP 5% TO £955.0M FOR 12 MONTHS ENDED 30 SEPTEMBER 2018 AND UP 3% TO £738.5M FOR 9 MONTHS ENDED SEPT.HASTINGS GROUP HOLDINGS PLC - NET REVENUE INCREASED BY 9% TO £751.3M FOR 12 MONTHS ENDED 30 SEPTEMBER 2018.HASTINGS GROUP HOLDINGS PLC - NET REVENUE BY 7% TO £574.1M FOR 9 MONTHS ENDED 30 SEPTEMBER 2018.HASTINGS GROUP HOLDINGS PLC - LLOYDS BANK GENERAL INSURANCE, INTEGRA AND RSA HAVE JOINED GROUP'S PANEL OF HOME UNDERWRITERS.HASTINGS GROUP - BECAME A FOUNDER MEMBER OF SMART MOBILITY LIVING LAB'S THREE YEAR SHARED RESEARCH PROGRAMME, ALONGSIDE AVIVA, BP AND HONDA.HASTINGS GROUP - EXPECTS TO MAINTAIN ITS DISCIPLINED PRICING STRATEGY IN ONGOING COMPETITIVE MARKET THAT IS LIKELY TO CONTINUE FOR REST OF YEAR.HASTINGS GROUP HOLDINGS PLC - LOSS RATIO FOR FULL YEAR IS EXPECTED TO BE AT LOWER END OF TARGET RANGE OF 75% TO 79%.  Full Article

RSA Insurance Says Poor UK Underwriting Results Drove "Disappointing" Q3
Friday, 28 Sep 2018 

Sept 28 (Reuters) - RSA Insurance Group Plc ::REPORTS A STRONG Q3 IN ITS INTERNATIONAL BUSINESSES BUT POOR UK UNDERWRITING RESULTS DRIVE A DISAPPOINTING QUARTER OVERALL.GROUP NET WRITTEN PREMIUMS FOR Q3 DISCRETE UP 4 PCT VERSUS PRIOR YEAR.UK PREMIUMS REMAIN LOWER THAN 2017 AS PRICING AND RE-UNDERWRITING ACTION IS TAKEN.PRE-TAX PROFIT FOR YEAR-TO-DATE HIGHER THAN 2017 BUT LOWER ON AN UNDERLYING BASIS DUE PRIMARILY TO ELEVATED WEATHER COSTS.UK AND 'LONDON MARKET' BUSINESS REPORTED AN UNDERWRITING LOSS IN QUARTER WHICH IS DISAPPOINTING.WEATHER LOSSES HAVE BEEN HIGHER THAN LAST YEAR IN Q3 IN ALL REGIONS BUT PARTICULARLY IN CANADA AND UK.GROUP'S SOLVENCY II COVERAGE RATIO AT END OF Q3 IS EXPECTED TO BE AROUND 172 PCT (31 DECEMBER 2017: 163 PCT).PRE-TAX PROFIT FOR YEAR-TO-DATE HIGHER THAN 2017 BUT LOWER ON AN UNDERLYING BASIS DUE PRIMARILY TO ELEVATED WEATHER COSTS.POSITIVE TRENDS CONTINUE IN CANADA WITH JOHNSON, PERSONAL BROKER AND COMMERCIAL PREMIUMS ALL UP IN A HARDENING MARKET.Q3 GROUP LARGE LOSS RATIO C.11 PCT (FIVE YEAR AVERAGE: 9.0 PCT; Q3 2017: 11.3 PCT).UK AND LONDON MARKET BUSINESS MADE UNDERWRITING LOSS OF C.70 MLN POUNDS IN QUARTER WITH HIGHER WEATHER, LARGE LOSSES AND ATTRITIONAL CLAIMS.  Full Article

Insurer RSA gets approval for EU subsidiary in Luxembourg
Monday, 4 Jun 2018 

June 4 (Reuters) - RSA Insurance Group PLC ::SAYS HAS OBTAINED LICENCE FOR NEW INSURANCE SUBSIDIARY IN LUXEMBOURG.RSA SAYS RICHARD TURNER TO HEAD NEW LUXEMBOURG SUBSIDIARY.NEW SUBSIDIARY TO BE IN PLACE FROM JAN 1, 2019.  Full Article

RSA takes 40 mln stg hit from Storm Emma -CFO
Thursday, 10 May 2018 

May 10 (Reuters) - RSA Insurance Group PLC ::CHIEF FINANCIAL OFFICER SCOTT EGAN SAYS ~STORM EMMA LOSS OF 40 MILLION POUNDS ON PRE-TAX BASIS.CHIEF FINANCIAL OFFICER SCOTT EGAN SAYS ~WEATHER COSTS LIKELY TO IMPACT H1 PERFORMANCE.  Full Article

RSA's Egan says raising prices in response to UK household claims
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Rsa :CFO Scott Egan says taking pricing action in response to rising UK household claims; market average price increase of 9 percent..Says expects to see continuing impact on UK household claims in 2018 as underwriting actions feed through, but to a much lesser extent..Says balance sheet remains strong, solvency strong but no decision on special dividend until the end of 2018..  Full Article

UPDATE 1-Review of rate to calculate compensation for personal injuries to start on March 19

March 19 The first review of the rate used to calculate compensation for personal injuries will start on March 19, Britain's Ministry of Justice said on Tuesday, following an outcry from auto insurers over a drop in rates due to a change in rule.