Daily Insurance Industry News
 
 
Daily Insurance Industry News
Saturday 23rd of September 2017
December 4, 2012

RSA appoints Mid Market Regions Director

by Richard Kilner

Story link: RSA appoints Mid Market Regions Director

Global insurer RSA has announced the appointment of Dan Wilkinson as the firm’s new Mid Market Regions Director. Wilkinson will assume responsibility for leadership of the firm’s UK Mid Market business, which trades through a strong regional footprint. He brings more than two decades of experience in the industry to his new position, and prior […]



November 22, 2012

RSA appoints new chairman

by Richard Kilner

Story link: RSA appoints new chairman

Global insurer RSA has announced the appointment of Martin Scicluna as the firm’s new chairman. Scicluna brings extensive experience to his new role, having served in the industry for over three decades, including more than 10 years as chairman of Deloitte. During his career he has also served as the chairman of Great Portland Estates […]



November 2, 2012

Weak driver eyesight costs £33m a year

by Richard Kilner

Story link: Weak driver eyesight costs £33m a year

The UK incurs a cost of £33m due to the poor eyesight of drivers, according to a new report commissioned by RSA. The report is part of the insurer’s Fit to Drive campaign and seeks to raise awareness of the dangers related to driving with poor vision. RSA has called for the law to be […]



November 1, 2012

RSA appoints head of SME Deals

by Richard Kilner

Story link: RSA appoints head of SME Deals

Global insurer RSA has announced the appointment of Russell White as head of SME Deals. In his new role with the firm White will lead a team of 10 and assume responsibility for all volume deals and open market growth. White will collaborate closely with SME Trading Director David Swigciski, and began his career with […]



October 29, 2012

RSA and LV= sign motor claims agreement

by Gill Montia

Story link: RSA and LV= sign motor claims agreement

RSA and LV= have signed a bilateral agreement aimed at speeding up and streamlining motor claims processes and cutting unnecessary costs. Commenting on the deal, LV= technical claims director Martin Milliner says: “This is a great step forward to ensure fairness all round.” RSA says it remains open to talks with other insurers on the […]



October 19, 2012

RSA scoops employee engagement award

by Gill Montia

Story link: RSA scoops employee engagement award

RSA has scooped the award for employee engagement at this year’s Chartered Institute of Personnel and Development (CIPD) People Management Awards, after demonstrating an “impressive array” of tactics. According to CIPD, five years’ ago RSA was experiencing low morale, generating disappointing financial returns and struggling to recruit the right talent. However, by recognising the capability […]



October 9, 2012

RSA appoints European liability leader

by Richard Kilner

Story link: RSA appoints European liability leader

Global insurer RSA has announced the appointment of Corentin Maurice as the firm’s new leader of European Liability within its Global Specialty Lines business. Maurice will collaborate closely with the Liability Underwriting teams across the continent to develop regional underwriting strategy and foster growth in each nation’s Liability book. He joins RSA from AXA, where […]



September 6, 2012

RSA appoints non-executive director

by Gill Montia

Story link: RSA appoints non-executive director

RSA has appointed Hugh Mitchell to its board as a non-executive director, as of 26th September 2012. Mr Mitchell is currently chief human resources and corporate officer at Royal Dutch Shell, where he has had a long and successful career. According to RSA chairman, John Napier, he will bring “valuable experience and insights to the […]



August 16, 2012

RSA appoints investor relations director

by Gill Montia

Story link: RSA appoints investor relations director

RSA has appointed Matt Hotson as investor relations director. Mr Hotson will join the group in early September from Cable & Wireless Worldwide, where he is responsible for corporate finance and investor relations. He was previously director of investor relations and strategy at Legal & General. Welcoming the appointment, RSA group chief financial officer, Richard […]



August 8, 2012

RSA reports falling profits

by Richard Kilner

Story link: RSA reports falling profits

RSA has reported its financial results for the six months ended 30 June 2012, including pre-tax profits of £233m. This is a 38% year-on-year drop, falling from the £376m the firm made in H1 2011. Profits after tax fell even more sharply, slumping by 41% from £277m to £164m, year-on-year. The firm reported biannual net […]



July 24, 2012

RSA partners John Lewis Insurance

by Gill Montia

Story link: RSA partners John Lewis Insurance

RSA has been appointed to provide pet, wedding & event and home insurance for John Lewis Insurance, following a competitive tendering process. The insurer will begin underwriting wedding & event and pet products from today and home insurance from January 2013. RSA personal lines managing director, Mark Christer, comments: “John Lewis Partnership is deservedly one […]



July 19, 2012

RSA hit by £50m UK weather claims

by Gill Montia

Story link: RSA hit by £50m UK weather claims

Following the wettest June on record in the UK, RSA estimates that the net loss across its UK household, motor and commercial property portfolios from last month’s adverse weather is around £40 million. In addition, the impact on the insurer’s balance sheet of the continued rainfall to date in July will be around £10 million. […]



July 12, 2012

RSA calls for updated eye test for drivers

by Richard Kilner

Story link: RSA calls for updated eye test for drivers

Global insurer RSA has revealed there is a significant lack of awareness when it comes to minimum legal eyesight standards for car and motorbike users, with 90% unaware of what standards are required. The UK driving test itself is somewhat outdated, relying upon a simple number plate test to ascertain whether or not a basic […]



July 4, 2012

RSA appoints GSL sales director

by Richard Kilner

Story link: RSA appoints GSL sales director

Global insurer RSA has announced the appointment of Owen Thomas as the new sales director within its Global Specialty Lines (GSL) UK business. Thomas joins the firm from Aviv where he worked for nine years and played an instrumental role in the establishment of its Corporate Risk Solutions business. In his new position with RSA […]



June 26, 2012

RSA Czech operation enters run-off

by Richard Kilner

Story link: RSA Czech operation enters run-off

Global insurer RSA has announced that it is to close its direct motor insurer in the Czech Republic, DIRECT Pojiš?ovna, to new business. The existing portfolio of DIRECT Pojiš?ovna is to be placed into run-off with immediate effect. Group Chief Executive Officer Simon Lee explained that the firm felt unable to achieve sustainable underwriting profit […]



June 20, 2012

RSA renews Clydesdale and Yorkshire Bank partnership

by Richard Kilner

Story link: RSA renews Clydesdale and Yorkshire Bank partnership

Global insurer RSA has announced a five year renewal of its partnership with Clydesdale and Yorkshire Banks. As part of the reaffirmed deal, RSA will provide Clydesdale and Yorkshire Banks with Home and Motor insurance. Managing Director of Affinity at RSA Mark Allan said that the firm was proud to have renewed its partnership with […]



June 1, 2012

RSA appoints Personal Lines Broker MD

by Richard Kilner

Story link: RSA appoints Personal Lines Broker MD

RSA has announced the appointment of Jill White as the firm’s new managing director, Personal Lines Broker. She will succeed the new Construction & Engineering and Renewable Energy Global Director Steve Kingshott who formerly held the position. White takes on responsibility for all aspects of the Personal Lines Broker business and will report directly to […]



May 31, 2012

RSA underwrites telematics for Ingenie

by Brian Turner

Story link: RSA underwrites telematics for Ingenie

RSA today announced it will provide underwriting capacity to ingenie, the car insurance brand for drivers aged 17 to 25, to meet the increasing demand for their young driver telematics insurance cover. The partnership with ingenie (http://www.ingenie.com) is the first telematics initiative announced by RSA this year and is part of the insurer’s strategy to […]



May 21, 2012

RSA unifies global specialty businesses

by Richard Kilner

Story link: RSA unifies global specialty businesses

Global insurer RSA announced that from 1 June all of its regional speciality businesses will come under the insurer’s Global Speciality Lines (GSL) division. Included in GSL will be Construction & Engineering and Renewable Energy (led by Steve Kingshott), Marine (led by Richard Turner), and Risk Managed Business (led by Paul Greensmith). UK Underwriting Director […]



May 3, 2012

RSA reports 5% rise in GWP

by Gill Montia

Story link: RSA reports 5% rise in GWP

RSA achieved a 5% year-on-year rise in gross written premiums in the first quarter of 2012, to £2.2 billion. Growth was driven by a 4% rate and a 1% volume increase and was led by emerging markets, with Latin America turning in an “excellent” performance. In addition, performances seen in personal lines in Canada and […]