Direct Line Insurance Group Plc, seen as one of the insurers most vulnerable to losses from the recent U.K. storms, said weather claims may cost as much £110 million ($183.6 million) as full-year profit jumped. Pretax profit rose to £423.9 …
RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial reporting. RSA Ireland Chief Financial Officer Rory O’Connor and Claims Director Peter Burke …
RSA Insurance Group Plc rose the most in almost five years in London trading amid a report that the insurer’s Irish unit may require no further capital injections. The stock jumped as much 7.5 percent, the biggest intraday gain since …
RSA Insurance Group Plc Chief Executive Officer Simon Lee resigned as the company bolstered reserves in Ireland. The shares fell as much as 22 percent. The insurer added an additional £130 million ($212 million) to its Irish reserves and forecast …
The U.K.’s largest insurance companies will invest £25 billion ($41 billion) in infrastructure, as the government prepares to update its plan for projects from energy and transport to communications. The government will today publish a refreshed version of its National …
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 …
The amount of insurance-linked securities outstanding may reach $150 billion by the end of 2018 as institutional investors including pension funds search for yield, Bank of New York Mellon Corp. said in a report. Of the total insurance-linked securities market, …
Ireland’s financial regulator first identified concerns over RSA Insurance Group Plc’s local unit in August, three months before the insurer suspended its three top executives in the country amid an accounting probe. The Central Bank of Ireland carried out a …
RSA Insurance Group Plc, Britain’s biggest non-life insurer, tumbled by the most in more than nine years in London trading after the company suspended three top executives at its Irish operation. The stock fell as much as 16 percent, the …
RSA Insurance Group Plc tumbled after the U.K.’s biggest non-life insurer by market value said it will miss its profitability target in the wake of last week’s European windstorms. Wind damage in Europe and continued adverse weather in Canada will …
