RSA Names Former Aviva Executive Hodges as Chair of UK, International Businesses March 26, 2021 RSA has named appointments for chair and CFO of its UK and International business entities, following the completion of Intact...
Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims March 11, 2021 By Carolyn Cohn and Kirstin Ridley Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for...
UK Insurer RSA Reports 15% Hike in 2020 Operating Profit February 26, 2021 UK insurer RSA has reported a 2020 business operating result of £751 million ($1.1 billion), up 15% from £656 million...
UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims January 15, 2021 By Kirstin Ridley and Carolyn Cohn Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts...
Canada’s Intact Financial Caps Decade of Acquisitions with $9.4 Billion RSA Deal November 19, 2020 By Kevin Orland After a decade of buying up rivals to become Canada’s largest property and casualty insurer, Intact Financial Corp. is looking...
UK Insurer RSA Accepts $9.6 Billion Cash Takeover Offer November 18, 2020 By Iain Withers and Carolyn Cohn Canada’s Intact Financial and Denmark’s Tryg on Wednesday said they had reached an agreement to buy British insurance group RSA...
Insurers Using Counter-Intuitive Arguments to Escape COVID Liabilities: UK Regulator November 18, 2020 By Kirstin Ridley and Carolyn Cohn Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of...
Insurers Tell UK Supreme Court They Cannot Provide Unlimited Cover During Pandemic November 16, 2020 By Carolyn Cohn and Kirstin Ridley Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic...
The $9.5 Billion Takeover Offer for RSA May Be Too Good to Refuse: Opinion November 6, 2020 By Chris Hughes, Bloomberg Opinion A takeover offer that would have been so-so in February becomes impossible to refuse for a company whose shares have...
Update: UK Insurer RSA Receives $9.4B Takeover Offer From Intact Financial, Tryg November 5, 2020 By Carolyn Cohn and Pamela Barbaglia RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up...