RSA
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Two of the carrier’s underwriters were hired by new entrant IQUW to build its book of business. -
The announcement follows Intact and Tryg’s acquisition of the business earlier this year.
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Both underwriters used to be colleagues in the marine hull team at RSA prior to Stuart Forsyth’s departure.
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RSA’s London Market and European specialty lines teams are to set to join forces with Intact’s global specialty team, following Intact’s acquisition of RSA’s UK & International business (UK&I) in June.
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Andy Jones will lead RSA’s risk consulting team and starts his new role with immediate effect.
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Lawyers argue the hotel’s claim is similar to that of four pubs against FBD, in which the courts found against the insurer.
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The newly acquired carrier has confirmed a payout of £80mn for UK Covid-19 claims so far.
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Intact seals the sale just days after the completion of the larger takeover.
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The information-gathering exercise for large insurers and banks won’t dictate capital requirements.
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The central bank governor said such a move would require ‘robust data.
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RSA CFO Charlotte Jones will remain on the board, after originally expecting to stand down.
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The parties reiterated their expectation of a 1 June close for the deal.
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