The UK Financial Reporting Council is investigating former employees of RSA Insurance Group plc’s Irish unit regarding accounting irregularities in 2012. “The FRC has decided to investigate the conduct of certain individual members,” the accounting and auditing authority said in …
RSA Insurance Group plc’s former Irish head was awarded 1.25 million euros ($1.4 million), as a tribunal said the company destroyed his reputation amid a scandal that triggered the biggest sell-off in its shares for a decade. Philip Smith won …
Philip Smith’s son thought the worst when friends texted him on an evening in early November 2013, saying “sorry to hear about your father.” “He assumed I was dead,” Smith, 47, told an employment tribunal in Dublin this month that …
Philip Smith, the former head of RSA’s Irish unit, asked for support from the division’s chairman as directors sketched out the shape of a probe into accounting matters, an employment hearing heard. Smith asked the Irish unit chairman, Leo Blennerhassett, …
Executives at RSA Insurance Group plc’s Irish unit wept as they recalled how their former boss, Philip Smith, pressured them, an employment hearing heard. “Men were weeping into their hands, crying,” Derek Walsh, RSA’s group counsel, said at an Employment …
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 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 …
RSA Insurance Group plc reported its first full-year profit since Stephen Hester took charge, restoring dividends after a string of asset sales and cost-cutting measures. Pretax profit was 275 million pounds [$425.9 million], compared with a loss of 244 million …
RSA Insurance Group Plc said it will fight a constructive dismissal case filed by the former head of its Irish unit, who stepped down more than a year ago amid an accounting scandal. Philip Smith, who was paid €34,000 ($39,400) …
