RSA News

UK’s RSA Insurance Posts Above-Forecast Profit of $920.2M in 2017

Even higher payouts for RSA shareholders are likely in 2018, chief executive Stephen Hester said on Thursday after the company posted an above-forecast 2017 operating profit and boosted its dividend by 23 percent. Analysts had been looking for a special …

RSA Taps Swiss Re’s Buckle to Lead Global Risk Solutions; Gibbs Promoted to Head Commercial Risk Solutions

RSA’s UK & International business has appointed Tony Buckle and Rob Gibbs as managing directors of Global Risk Solutions (GRS) and Commercial Risk Solutions (CRS), respectively. Tony Buckle will join RSA on Feb. 1, 2018 to head up GRS, which …

UK to Alter ‘Ogden Rate’ Used to Calculate Personal Injury Payments

Britain plans to alter the rate used to calculate upfront personal injury payments, the Ministry of Justice said on Thursday, a move which will reduce those payments and insurance premiums. Motor insurers’ profits were dented and insurance premiums have risen …

RSA Names Former Aspen Executive Khaitan as COO for Global Risk Solutions

RSA Insurance has appointed Anny Khaitan as chief operating officer (COO) for its Global Risk Solutions (GRS) business. Khaitan is responsible for GRS’ operations, change, IT and risk & compliance across offices in the UK, Europe & DIFC. She reports …

UK’s RSA Reports 14% Hike in Q1 NWP, Operating Profits Ahead of Plan

London-listed insurer RSA reported a 14 percent rise in first-quarter net written premiums on Thursday and said operating profits were ahead of plan, sending its shares higher. Best known in Britain for its More Than brand, RSA has been selling …

RSA Begins Trading on London Market Placing Platform, PPL

International insurer RSA has begun trading on the London insurance market’s electronic placing platform, PPL (Placing Platform Ltd.), which enables brokers and underwriters to quote, negotiate, bind and endorse business using one market-wide system. RSA’s Profin underwriting team is now …

RSA Names Gearey as Managing Director of Commercial Risk Solutions

London-based RSA has appointed James Gearey as managing director for Commercial Risk Solutions (CRS) from June 5, 2017, subject to regulatory approvals. Gearey has spent the past nine years at Siemens Financial Services, most recently as chief executive, Commercial Finance …

RSA Global Network Expands African Service by Extending Globus Partnership

Leading international insurer RSA can now service multinational customers in five more African countries after extending an existing partnership with Africa-based insurance network, Globus. Founded in 2007, Globus Network operates from its head office in Douala, Cameroon, and is the …

Solvency II Drives Demand for Reinsurance During 1/1 Renewals: Fitch

The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. The main beneficiaries are likely to be the financially strongest reinsurers …

RSA Global Risk Solutions Launches New Structure to Enhance Client Focus

RSA has introduced a new Global Risk Solutions (GRS) operating model aimed at delivering brokers and customers improved access to decision-makers and enabling GRS to operate with more focus in its chosen markets. Effective immediately, GRS will consist of three …