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United Kingdom

RSA Insurance Group PLC (RSA.L)

RSA.L on London Stock Exchange

574.80GBp
23 Jul 2019
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Latest Key Developments (Source: Significant Developments)

RSA Insurance Says Independent Non-Executive Director Isabel Hudson To Retire
Wednesday, 26 Jun 2019 

June 26 (Reuters) - RSA Insurance Group PLC ::RSA INS GRP - DIRECTORATE CHANGE.RSA INSURANCE GROUP PLC - DUE TO PERSONAL REASONS ISABEL HUDSON HAS DECIDED TO RETIRE FROM BOARD ON 31 JULY.RSA INSURANCE - MARTIN STROBEL, INDEPENDENT NON-EXECUTIVE DIRECTOR, WILL SUCCEED ISABEL AS SENIOR INDEPENDENT DIRECTOR.  Full Article

RSA's UK And Ireland Unit Launches Five Industry Practices
Wednesday, 8 May 2019 

May 8 (Reuters) - RSA Insurance Group PLC ::UK AND IRELAND UNIT LAUNCHES FIVE INDUSTRY PRACTICES, RAIL, CHEMICAL, FOOD AND BEVERAGE, REAL ESTATE AND RENEWABLES.  Full Article

RSA Insurance Says Joseph Streppel Will Retire As A Non-Exec Director
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - RSA Insurance Group PLC ::JOSEPH STREPPEL WILL RETIRE AS A NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 9 MAY 2019.  Full Article

RSA Insurance Group Says Received Licence Approval For New Insurance Subsidiary In Luxembourg
Monday, 4 Jun 2018 

June 4 (Reuters) - RSA Insurance Group PLC ::RECEIVED LICENCE APPROVAL FOR ITS NEW INSURANCE SUBSIDIARY IN LUXEMBOURG FROM REGULATOR, COMMISSARIAT AUX ASSURANCES.  Full Article

RSA's Hester says scope for higher payouts to shareholders in 2018
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Rsa ::CHIEF EXECUTIVE STEPHEN HESTER SAYS ~SHOULD BE SCOPE FOR INCREASED DIVIDEND PAYOUTS IN 2018.  Full Article

Insurer RSA 2017 operating profit rises 1 pct
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Rsa Insurance Group Plc ::FY OPERATING PROFIT ROSE 1 PERCENT TO 663 MILLION STG.FINAL DIVIDEND 13 PENCEPER SHARE.TOTAL DIVIDEND 19.6 PENCEPER SHARE.‍PREMIUM INCOME UP 4% TO £6.7 BILLION, COMBINED RATIO 94%​.‍UNDERLYING EPS 43.5P, UP 10%; STATUTORY PROFIT AFTER TAX £322M (2016: £20M)​.‍RETURN ON TANGIBLE EQUITY 1 15.5% (2016: 14.2%) VERSUS 13-17% TARGET RANGE​.‍FINAL DIVIDEND 13.0P PER SHARE (19.6P TOTAL FOR 2017, UP 23%)​.‍GROUP OPERATING PROFIT £663M UP 1% (2016: £655M)​.‍GROUP UNDERWRITING PROFIT OF £394M UP 4%​.‍UNDERLYING PRE-TAX PROFITS UP 12% TO £620M (2016: £556M)​.‍GROUP WEATHER COSTS IN LINE WITH LAST YEAR; LARGE LOSSES ELEVATED AT 10.8% OF PREMIUMS (2016: 8.9%)​.‍RSA'S OVERSEAS DIVISIONS ACHIEVED EXCELLENT RESULTS IN 2017, PARTLY OFFSET BY POOR UNDERWRITING FIGURES IN OUR UK/ LONDON MARKET BUSINESS​.‍WE TARGET FURTHER IMPROVEMENT IN 2018 AND THEREAFTER​.  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

RSA says Storm Ophelia exposure less than 5 mln euros
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Rsa :Chief executive stephen hester says ~insurance exposure to storm ophelia in ireland likely less than 5 million euros ($5.82 million).Chief executive hester ~-insurance losses from mexico earthquakes, californian wildfires "not material".Chief executive hester ~says insurance rates likely to rise in hurricane-affected areas of u.s., caribbean.  Full Article

RSA Q3 weather losses include 50 mln stg for U.S., Caribbean catastrophes
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Rsa Insurance Group Plc :Q3 trading statement.‍group premium income up 8% ytd (3% at constant exchange)​.‍ytd group net written premiums of £5,077m at q3 2017 are up 8% 1 as reported, and up 3% 1 at constant fx rates, versus q3 2016​.‍eps ytd is ahead of 2016 though held back by q3 underwriting results​.‍underwriting results for scandinavia, canada, ireland and middle east ytd are ahead of 2016 and our plans overall, continuing h1 trends​.‍uk reported results have been impacted by us/caribbean hurricane costs as well as continuing adverse household and large loss experience​.‍overall group underwriting results are therefore slightly weaker than prior year​.‍weather losses in q3 include a provision of £50m against us & caribbean cat events​.‍we expect this provision to increase somewhat​.‍tangible shareholders' equity 1 at 30 september 2017 was £2,810m (30 june 2017: £2,790m) and tangible net asset value per share was 275p​.  Full Article

RSA Insurance says UK unit hurt by catastrophe losses in Q3
Monday, 25 Sep 2017 

Sept 25 (Reuters) - RSA Insurance Group Plc ::RSA INSURANCE - "TRADING RESULTS FOR Q3 TO DATE HAVE BEEN POSITIVE, CONSISTENT WITH PRIOR TRENDS, ACROSS COMPANY WITH EXCEPTION OF UK BUSINESS SEGMENT".RSA INSURANCE GROUP - "HERE, CATASTROPHE LOSSES FROM US, CARIBBEAN AND MEXICO WILL IMPACT SEPTEMBER RESULTS IN MARINE AND INTERNATIONAL PORTFOLIOS".RSA INSURANCE GROUP PLC - "AT PRESENT LOSSES NOTIFIED ARE WELL BELOW REINSURANCE LIMITS THOUGH FINAL POSITION WILL TAKE SOME WEEKS TO EMERGE".RSA INSURANCE - "UK UNDERLYING RESULTS IN QUARTER CONTINUE TO REFLECT CHALLENGES VISIBLE IN H1, AGAINST WHICH UNDERWRITING ACTIONS ARE BEING TAKEN".  Full Article

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UK deals blow to insurers with change to discount rate

LONDON Britain will change the discount rate used to calculate compensation for personal injuries to minus 0.25% from minus 0.75%, disappointing insurers who were hoping for a higher rate to limit the money they must set aside to cover payouts.