Key Developments: RSA Insurance Group PLC (RSA.L)

RSA.L on London Stock Exchange

449.60GBp
19 Dec 2014
Price Change (% chg)

5.60p (+1.26%)
Prev Close
444.00p
Open
446.20p
Day's High
451.30p
Day's Low
443.40p
Volume
5,803,290
Avg. Vol
3,511,885
52-wk High
500.50p
52-wk Low
386.15p

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Latest Key Developments (Source: Significant Developments)

RSA Insurance Group plc updates on disposal of insurance business
Wednesday, 10 Sep 2014 12:19pm EDT 

RSA Insurance Group plc:Reaches an agreement, to sell insurance business of each of its branches in Singapore (RSA Singapore) and Hong Kong (RSA Hong Kong) to Allied World Assurance Company, Ltd (Allied World).Assuming each transaction completes, RSA will receive aggregate consideration of approximately 130 mln pounds payable in cash.Subject to obtaining relevant regulatory approvals in the respective countries, each transaction is expected to complete during the first half of 2015.  Full Article

RSA Insurance Group announces disposal of insurance business
Thursday, 21 Aug 2014 09:00pm EDT 

RSA Insurance Group PLC:Reaches an agreement , to sell the insurance business of each of its branches in Singapore (RSA Singapore) and Hong Kong (RSA Hong Kong) to Allied World Assurance Company, Ltd (Allied World).RSA will receive aggregate consideration of about 130 mln pounds payable in cash.  Full Article

RSA Insurance does not declare interim dividend
Thursday, 7 Aug 2014 02:00am EDT 

RSA Insurance Group PLC:Says no interim dividend has been declared.  Full Article

RSA Insurance Group PLC announces sale of its business in China for 71 mln pounds
Thursday, 3 Jul 2014 02:00am EDT 

RSA Insurance Group PLC:Announces sale of its business in China for 71 mln pounds.Reached agreement to sell Sun Alliance Insurance (China) Limited (RSA China) to Swiss Re Corporate Solutions.Will receive consideration of about 71 mln pounds payable in cash.Transaction is expected to result in a gain on sale and an addition to the Group's tangible net assets of about 26 mln pounds.Completion is subject to obtaining regulatory approval.  Full Article

RSA Insurance Group PLC completes disposal of shareholding
Wednesday, 2 Jul 2014 01:15pm EDT 

RSA Insurance Group PLC:Completes sale of shareholding in Noraxis Capital Corporation, its Canadian insurance brokerage business, to Arthur J. Gallagher & Co on July 02, 2014, following receipt of formal regulatory approval.  Full Article

RSA Insurance Group PLC announces Disposal of business in Latvia to PZU
Monday, 30 Jun 2014 11:15am EDT 

RSA Insurance Group PLC:Completes sale of AAS Balta, business in Latvia, on June 30, 2014 to Powszechny Zaklad Ubezpieczen sa (PZU).  Full Article

RSA Insurance Group announces disposal of shareholding to subsidiary of Arthur J. Gallagher & Co
Tuesday, 20 May 2014 02:00am EDT 

RSA Insurance Group PLC:Agreement to sell shareholding in Noraxis Capital Corp, its Canadian insurance brokerage business, to a subsidiary of Arthur J. Gallagher & Co.Total aggregate price for the business is C$500 mln.Transaction is expected to result in a gain on sale of about 140 mln pounds and is expected to add about 225 mln pounds to the Group`s tangible net assets, improving the Group`s capital strength.  Full Article

Powszechny Zaklad Ubezpieczen SA close to buying RSA Insurance Group plc's Lithuanian insurer-Reuters
Sunday, 13 Apr 2014 08:00pm EDT 

Powszechny Zaklad Ubezpieczen SA:PZU is close to acquiring Lithuanian rival Lietuvos draudimas from British group RSA Insurance Group plc (RSA) in a deal valued at around 100 million euros ($139 million), sources with knowledge of the matter said-Reuters.Last month Lithuanian media reports said that PZU was bidding in competition with Austria's Vienna Insurance Group (VIG) but PZU offered better conditions.Lietuvos draudimas has said that RSA has made no official decision but according to local media the British insurer has been considering various options to spin off the unit.PZU, which operates in Lithuania via its subsidiary PZU Lietuva, declined to comment.No one at Lietuvos draudimas or VIG was immediately available for comment.  Full Article

RSA Insurance Group plc announces results of rights issue
Thursday, 10 Apr 2014 02:00am EDT 

RSA Insurance Group plc:Announces 3 for 8 rights issue of 1,380,976,863 new ordinary shares at 56 pence per new ordinary share.Expects new ordinary shares will commence trading on the London Stock Exchange plc’s main market for listed securities on April 10.Net proceeds will be paid to those persons whose rights have lapsed in accordance with the terms of the rights issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than 5 mln will not be paid to such persons but will be paid to the company.  Full Article

RSA Insurance Group plc announces rights issue
Tuesday, 25 Mar 2014 03:00am EDT 

RSA Insurance Group plc:Launchs rights issue to raise 773 mln Pound in proceeds.Rights Issue is fully underwritten 3 for 8 rights issue of 1,380,976,863 ordinary shares of 27.5 pence each in capital of company at price of 56 pence per new ordinary share.Issue Price of 56 pence per new ordinary share represents discount of about 40 pct to closing price of 93.4 pence on March 24 and 32.7 pct discount to theoretical ex-rights.Rights Issue to be fully underwritten by BofA Merrill Lynch and J.P. Morgan Cazenove, to provide certainty as to amount of capital to be raised.  Full Article

Moody's says British flood scheme plans credit-positive for insurers

LONDON, Dec 19 - Ratings agency Moody's said on Friday that plans for a British "Flood Re" scheme were credit-positive for insurance companies such as Aviva, RSA and Direct Line.

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