Reinsurance News
RSA
RSA combines CRS & GRS units into single commercial division
13th September 2019
RSA UK and International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single unit focused on commercial lines. As part of the merger, CRS Managing Director Rob Gibbs has been appointed to the role of MD, RSA Commercial Lines with immediate effect. Meanwhile, Tony ... Read the full article
Underwriting improvements help RSA to maintain steady profits
1st August 2019
UK commercial insurer RSA Group has reported an increase in underwriting profit during the first half of 2019, which helped to keep the company’s overall underlying profit steady at £292 million. Underwriting profit was recorded at £181 million in H1 2019, compared with £171 million for the same period last year. ... Read the full article
AXA’s Martin Rueegg joins RSA as CEO of the Middle East and UAE
22nd July 2019
RSA has announced that Martin Rueegg has joined the firm from AXA as the new Chief Executive Officer (CEO) of the Middle East and UAE. Effective September, 2019 Rueegg succeeds Lloyd East, who has moved the RSA's Canadian operation, Johnson, as Vice President of Strategic Operations and Chief Operating Officer (COO). East ... Read the full article
RSA adds Rachel Conran as CUO of GRS business
27th June 2019
The UK & International operations of multinational insurance group RSA has announced the appointment of Rachel Conran as Chief Underwriting Officer of its Global Risk Solutions (GRS) business, effective July 8. Conran, who joins the Luxembourg-based role with over 25 years’ experience in the industry, previously served as CUO for Allianz’s ... Read the full article
RSA UK&I launches five industry pratices within GRS business
9th May 2019
The UK & International operations of multinational insurance group RSA has announced the launch of five industry practices within its Global Risk Solutions business. The practices consist of rail, chemical, food and beverage, real estate and renewables. They cover areas where RSA already has experience and a broad risk appetite. The practices ... Read the full article
RSA confident of improvements in 2019 as underwriting action continues
4th March 2019
RSA Group saw its underlying results decline in 2018 when compared with the previous year, but the firm remains confident it can bounce back in 2019 as it embarks on further, extensive underwriting action. Despite reporting an underlying dip in results, RSA remained profitable in 2018, posting a pre-tax profit of ... Read the full article
RSA appoints Charlotte Jones to CFO role
27th February 2019
Multinational insurance group RSA has announced the appointment of Charlotte Jones as Chief Financial Officer, a position vacated by the current UK & International Chief Executive Officer Scott Egan earlier this month. Jones, who currently serves as a non-Executive Director of RSA and is a member of the Group audit and ... Read the full article
RSA appoints Scott Egan as CEO for UK & International
6th February 2019
Multinational insurance group RSA has announced the appointment of Scott Egan as Chief Executive Officer (CEO) of its UK & International division, effective 5 February 2019. He replaces outgoing CEO Steve Lewis, who will step down from this role and leave RSA, the company explained. Egan has served as Chief Financial Officer ... Read the full article
RSA names Karen Caddick as Group & UK HR Director
23rd January 2019
RSA Group, one of the largest UK commercial insurers, has announced the appointment of Karen Caddick as Group & UK HR Director. She replaces Cathy Lewis, who has served in the role since 2016 and is due to retire from executive work this year. “With a strong track record inside and outside of ... Read the full article
RSA appoints Arc Legal as legal expenses services supplier
13th December 2018
RSA Group, one of the largest UK commercial insurers, has appointed Arc Legal Assistance as its supplier of legal expenses insurance services across its personal and commercial product lines. The deal represents a significant growth in Arc Legal’s family and commercial legal expenses portfolio, increasing policy count by over 15% for ... Read the full article
RSA names Mark Marshall as head of Channel Islands business
11th December 2018
RSA Group has appointed Mark Marshall as Managing Director of its subsidiary, Insurance Corporation of the Channel Islands (ICCI). Marshall has spent the previous seven years at RSA Group, most recently as Programme Manager responsible for leading RSA’s strategic response to Brexit. Prior to this, he was Finance Director for RSA’s European ... Read the full article
RSA approved to move European business to Luxembourg branch
5th December 2018
RSA Group, one of the largest UK commercial insurers, has received regulatory approval to transfer the European insurance business of its UK subsidiary, Royal & Sun Alliance Insurance plc (RSAI), to RSA Luxembourg S.A. (RSAL), its recently established post-Brexit hub. The Part VII transfer, which was sanctioned by the High ... Read the full article
RSA appoints Geoff Jones to lead Specialty and Wholesale division
27th November 2018
RSA Group, one of the largest UK commercial insurers, has announced the appointment of Geoff Jones as Director of its Specialty and Wholesale unit, part of RSA's Global Risk Solutions (GRS) business. Jones, having joined RSA in 2010 following a 15 year career as a solicitor specialising in defendant litigation, currently ... Read the full article
RSA’s Risk Solutions business promotes Lee Mooney to UK Regions Director
10th October 2018
The Commercial Risks Solutions business of RSA, one of the largest UK commercial insurers, has promoted Lee Mooney to UK Regions Director. The announcement follows Mooney’s success in leading the company’s CRS Regions North business. “I am delighted to welcome Lee to this new role,” said Rob Gibbs, Managing Director, Commercial Risk ... Read the full article
RSA eats through retention on aggregate reinsurance cover
28th September 2018
RSA Insurance Group, a leading commercial and general insurer, has reached the retention ceiling on its group aggregate reinsurance coverage, meaning any further large losses may hit the firm's reinsurance providers. In announcing its third-quarter 2018 trading update today, RSA said that the retention ceiling has now been reached on ... Read the full article
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