RSA News

Probe of RSA’s Irish Division at ‘Advanced Stage’, Says Irish Central Bank

Ireland’s central bank said its probe into an accounting scandal at RSA Insurance Group plc’s Irish division is moving toward a conclusion and decisions on possible sanctions will be made once it’s completed. “An investigation into historical claims-reserving practices at …

U.K.’s RSA Considers Sale of Middle East Business

RSA Insurance Group plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise capital, people with knowledge of the matter said. RSA, whose operations span Europe, Asia, Latin America and Canada, is working …

RSA Appointed to Underwrite Cavere Home Insurance Product

London-based RSA announced its appointment as the sole underwriter for Cavere Home insurance products which will be available to brokers from January 2015 via Cavere’s Magenta platform, which provides online quotes and applications for intermediaries. Commenting on the appointment, Tim …

RSA Selected as Insurance Partner for UK Gov’t. Driverless Cars Project

RSA announced that it has been selected as the insurance partner for a Government backed project to pilot driverless cars in the Royal Borough of Greenwich, London. The project contract, awarded to a consortium led by TRL, a transport innovation …

RSA Appoints Patswa as New CFO for Scandinavian Business

RSA announced that it has appointed Stig Pastwa as Chief Financial Officer for its Scandinavian business, which includes operations in Denmark, Sweden and Norway and the Codan and Trygg-Hansa brands, effective as of May 1st, 2015. He will be responsible …

Rachel Cotton Appointed Real Estate Director at RSA

RSA, the London-based insurer, has appointed Rachel Cotton as real estate director for RSA’s Risk Managed Business. Cotton has worked at RSA for over 25 years across a variety of areas including technical and specialist claims, sales and marketing for …

RSA Launches New Restaurants and Hotels Policy

RSA, one of the UK’s principle commercial insurers, has launched a new Restaurants and Hotels insurance policy, which it said offers “flexible cover with a wealth of benefits to the hospitality trade. “It provides insurance for small-unlicensed hotels with up …

RSA Group Names Scicluna as its new Chairman

RSA announced the appointment of Martin Scicluna as its new Chairman. He has “considerable financial services experience having spent over 30 years at Deloitte where he was Chairman from 1995 to 2007,” said the bulletin. “He has also built up …

UK Drivers Poor Eyesight Costs $52.7 Million a Year Says RSA Report

A new report, commissioned by global UK-based insurer RSA, has found that road accidents caused by poor driver vision cost the UK an estimated £33 million [$52.7 million] a year and result in nearly 2,900 casualties, with official tests to …

Best Affirms/Withdraws Ratings of RSA’s Main UK Operating Subs

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-based RSA Insurance Group plc. Best also affirmed …