RSA Insurance Group PLC (RSA.L)
26 Mar 2015
DUBLIN, March 11 - Former RSA Ireland boss Philip Smith failed to set aside enough money to cover potential insurance claims, contributing to the British insurer having to inject 200 million pounds ($302 million) into its Irish arm in 2013, a lawyer for RSA said on Wednesday.
DUBLIN, March 10 - Financial problems at RSA's business in Ireland were known at group level before a scandal erupted and the British insurer was forced to inject 200 million pounds ($302 million) into it, according to the former CEO of the Irish division.
* Former CEO of Irish business says was "cast to wolves" by RSA
DUBLIN, March 9 - The Irish unit of UK insurer RSA released over 250 million euros ($271.58 million) in prior year reserves between 2007 and 2011 to support the group's results, the unit's former chief executive said on Monday.
* CFO to step down (Adds detail, CEO and analyst comment, share price)
LONDON, Feb 26 - RSA said on Thursday it posted a 2014 pre-tax profit of 275 million pounds ($427.24 million), recovering from a 244 million pound loss in 2013.
Feb 22 - RSA Insurance Group Chief Executive Stephen Hester is set to unveil a deeper cost-cutting plan at the London-based general insurance provider as it works to turn around its business, the Financial Times reported.
LONDON - British insurer RSA said it had sold its 26 percent holding in Indian insurer Royal Sundaram Alliance Insurance Company to its joint venture partner Sundaram Finance.
LONDON, Feb 18 - British insurer RSA said it had sold its 26 percent holding in Indian insurer Royal Sundaram Alliance Insurance Company to its joint venture partner Sundaram Finance.
* Sale of its 26 pct holding in Indian insurer Royal Sundaram Alliance Insurance Co Ltd to Sundaram Finance Ltd , JV partner