Hints and tips:
...Job moves FT exclusive: Royal Bank of Scotland has approached the head of HSBC’s UK operations about becoming its next chief executive, according to two people briefed on the discussions....
...He estimates that in the immediate aftermath of Aviva’s annual report, up to £1bn was wiped off the value of leading UK financial preference shares, including Lloyds, RBS, Santander, Aviva, GA, Royal Sun...
...And in the insurance sector, Royal Insurance and Sun Alliance struggled for years to integrate under co-chief executives....
...Closer to home — and closer to the bone — one analyst recalls “the ‘Richard & Roger’ show”, when co-CEOs Richard Gamble and Roger Taylor tried ineffectually to integrate Royal Insurance and Sun Alliance....
...The insurance sector is not without difficulties of its own. Last month Royal & Sun Alliance (RSA) sold its Latin American business in a £403m cash sale to Sura Group of Colombia....
...An amalgamation of old Royal, Sun and Alliance insurance businesses, RSA’s recent past has been far less illustrious....
...But despite the legal modernisation, Mr Spencer, a former UK chief executive of the insurer Royal and Sun Alliance, warned that “nothing will change” unless business adapts....
...As owner of the Phoenix Suns basketball team, Mr Sarver’s record looks decent rather than extraordinary....
...Royal Sun Alliance was once numbered among Britain’s biggest insurers. Property, pensions, liability, you name it, there was a policy....
...For longstanding investors in Royal and Sun Alliance, it must have seemed like groundhog day....
...As Royal & Sun Alliance, it was the product of such a mad merger of equals that it initially had two men in each top post, and even after the Hester rally, RSA shares are still close to a nine-year low....
...Royal and Sun Alliance recouped some of its losses of the previous session when Fitch put its credit rating on negative watch....
...Royal and Sun Alliance was the biggest faller on the main index, down 2.6 per cent to 90.1p, after Fitch, the credit rating agency, put the insurer on negative rating watch because of its weakening capital...
...The first Resolution project began in 2004 with the purchase of Royal & Sun Alliance’s life business and public shareholders gained access to the company when in 2005 it mounted a reverse takeover of the...
...At the time of writing there are two competing versions of a Royal Charter for a future press regulator....
...“It took Andy Haste, one of the most respected executives in the sector, more than three years of rolled-up sleeves to sort out Royal and Sun Alliance,” Mr Flanagan adds....
...RSA, formerly known as Royal & Sun Alliance, has been seeking to sell more insurance in markets such as Chile, Uruguay and the Middle East to offset falling sales in Europe....
...Among the legacy issues, there will be another slug of Libor cases, with Royal Bank of Scotland and Deutsche Bank both acknowledging that they are braced for settlements....
...Lloyds could offload some of the work around restructuring its balance sheet to George Culmer, the incoming finance director who is set to join from Royal Sun Alliance, the insurer, next year....
...Lloyds on Monday appointed George Culmer, finance director at Royal Sun Alliance, the insurer, as its finance director – an important step at a time when the top echelons of the bank are in disarray....
...Royal and Sun Alliance, the insurance group, was one of PwC’s clients, and it was keen at the time to be listed on the New York stock exchange. In 1999, it became her next employer....
...Mr Haste joined Royal & Sun Alliance as it was in 2003 when the group was about to embark on a restructuring that involved selling businesses in the US, Australia and New Zealand after investors had refused...
...Insurers Ageas Insurance Limited (formally Fortis Insurance Limited), Aviva plc, AXA Insurance UK plc, Liverpool Victoria Friendly Society, RBS Insurance Group Limited, Royal Sun Alliance and Zurich Insurance...
...Insurers such as Aviva and Royal Sun Alliance have committed to share less data, proffering their words of honour as English gentlemen....
...In the same sector, Royal & Sun Alliance was marked 3.2 per cent lower at 131.8p following a profit warning from Denmark’s TrygVesta. RSA owns a Danish insurance business called Codan....
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