RSA News

Best Affirms RSA Canada, Subs and Holding Company Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada) and Western Assurance Company, both domiciled in Toronto, as …

Best Affirms RSA and Operating Subsidiaries Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best also withdrew …

UK Panel Seeks to Reign in Whiplash Claims; ABI, RSA Comment

A report from the UK Government’s Transport Select Committee targets the voraciously expanding number of claims for “whiplash,” i.e. soft tissue injuries, as badly in need of reforms. These types of injuries now account for around 70 percent of all …

India’s Private Insurance Market Keeps Growing – Slowly but Surely

Even though China gets most of the headlines, there’s been slow, but steady, progress for private insurers in Asia’s other billion plus people country – India. Although its rate of growth has slowed recently, mirroring the slowdown in the global …

RSA Names Slingsby Global Program Director-Global Specialty Lines

RSA announced the appointment of Steve Slingsby as Global Program Director for Global Specialty Lines (GSL). He will work closely with the specialty lines teams, supporting the running of the GSL business. Paul Donaldson, RSA Group Broker Relationship and Sales …

RSA Makes Changes to Operational Structure, Executive Team

UK-based RSA has announced announces a number of changes to the Group’s operating structure and Executive Team. As of January first the group will be reorganized into four regions: UK & Western Europe; Scandinavia; Canada; and Emerging Markets. A number …

RSA Appoints Hood as Group E-Business Director

UK-based global insurer RSA announced the appointment of Ian Hood as Group E-Business Director. He will be responsible for “driving growth and efficiency across RSA with electronic tools and systems, such as direct selling capabilities and broker self servicing options,” …

Lee to Succeed Haste as RSA Group Chief Executive

UK insurer RSA announced that Andy Haste intends to step down as group chief executive after more than eight years in the role. The company has chosen Simon Lee, currently CEO of International operations, to succeed Haste as group chief …

Brown Joins RSA Board as Executive Director

The UK’s RSA Insurance plc announced the appointment of Adrian Brown to its Board as an Executive Director as of July 5, 2011. He has been Chief Executive of the Group’s UK business since September 2008 and currently sits on …

RSA Group’s Q1 Interim Statement Shows Steady Growth

The UK’s RSA has released its “Interim Statement” for the first quarter of 2011, confirming the Group’s steady growth. Highlights of the report were listed as follows: • Net written premiums of £2.1 billion [$3.4 billion] up 8 percent • …