UK global insurer RSA announced the appointment of Matt Hotson as Investor Relations Director. He joined the Group in early September from Cable & Wireless Worldwide where he was responsible for Corporate Finance and IR. He has extensive industry experience …
Selected earnings highlights in US dollars from the Bermuda-based Catlin Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $3.010 bn $2.683 bn Net premiums written ————— $2.258 …
UK-based RSA has issued a bulletin following “the wettest June on record in the UK.” RSA said it expects a “net loss across the Group’s UK Household, Motor and Commercial Property portfolios from last month’s [June] adverse weather” of around …
Global insurer RSA has become the latest member of the London-based Managing General Agents’ Association (MGAA), which now has 50 members with a combined underwriting capacity of £1.4 billion [$2.33 billion] in gross written premiums per annum. Reg Brown, chairman …
The UK’s RSA and The Co-operative Insurance have announced a bilateral agreement to settle outstanding motor recoveries. RSA said it is “designed to remove frictional costs, limit the need for claims handlers to get involved and to speed up the …
A number of insurers and reinsurers have agreed to join the UN-backed set of Principles for Sustainable Insurance. The initiative aims to provide insurance tools for risk management in support of environmental, social and economic sustainability. A bulletin from UK-based …
British insurers face big claims for flooding after the heavy rainfalls across the country this month, making it harder for them to hit profit targets and potentially forcing them to raise premium rates for consumers, analysts said on Tuesday. Hundreds …
RSA announced that it has acquired L’Union Canadienne, Compagnie d’Assurances from Co-operators General Insurance Company, subject to regulatory approval. “L’Union Canadienne is the third largest intermediated Motor and Property insurer in Quebec, distributing products through a network of more than …
The UK’s RSA announced that it has re-organized its specialty businesses around the world into three key divisions, as it seeks to join up brokers and customers who are seeking global expertise and capacity. As of June first, all RSA …
UK-based RSA reported continued strong growth and financial strength in its interim management statement covering the first three months of 2012. Highlights included the following: • Net written premiums of £2.2 billion [$3.565 billion] up by 5 percent with all …
