RSA

The announcement follows Intact and Tryg’s acquisition of the business earlier this year.

Both underwriters used to be colleagues in the marine hull team at RSA prior to Stuart Forsyth’s departure.

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.

Andy Jones will lead RSA’s risk consulting team and starts his new role with immediate effect.

Lawyers argue the hotel’s claim is similar to that of four pubs against FBD, in which the courts found against the insurer.

The newly acquired carrier has confirmed a payout of £80mn for UK Covid-19 claims so far.

Intact seals the sale just days after the completion of the larger takeover.

The information-gathering exercise for large insurers and banks won’t dictate capital requirements.

The central bank governor said such a move would require ‘robust data.

RSA CFO Charlotte Jones will remain on the board, after originally expecting to stand down.

The parties reiterated their expectation of a 1 June close for the deal.

The group reports an 86% CoR in its last trading update as a listed entity.