Simon Lee News

Investor Doubts Remain About Zurich’s $8.8B Tentative Offer for UK’s RSA

Zurich Insurance Group AG’s announcement that it’s considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group plc is leaving investors in doubt that the takeover will happen at that price. RSA rose 4.6 percent to 517.5 pence at …

Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA

Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of 550 pence a share to its shareholders provided …

RSA Reports 84% Jump in 1st Half Operating Profit

RSA Insurance Group plc, the subject of a potential takeover bid by Zurich Insurance Group AG, reported a jump in first-half profit that beat analyst estimates and restored the interim dividend. Operating profit rose 84 percent to 259 million pounds …

Former RSA Executive Says ‘Pushed Under Bus’ by Bullying Accusation

The former head of RSA Insurance Group plc’s Irish unit said an internal company report effectively accused him of being a bully, laying the ground for his departure. In a hearing at the Employment Appeals Tribunal in Tuesday on Dublin, …

RSA Used Irish Unit to Offset Poor Results Elsewhere in Group: Former Exec

RSA Insurance Group plc viewed some reserves set aside to cover potential claims in its Irish unit as “treasure” to be used to offset underperformance elsewhere in the business, a former executive who said he was forced out of the …

Amid Asset Sale Talk, RSA CEO Sees Emerging Market Potential

RSA Insurance Group Plc Chief Executive Officer Simon Lee said the insurer has further growth potential in emerging markets and maintains a “robust” capital position, amid speculation it may sell assets. Lee, who this month injected 100 million euros ($135 …