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

RSA.L on London Stock Exchange

94.70GBp
17 Apr 2014
Price Change (% chg)

2.10p (+2.27%)
Prev Close
92.60p
Open
95.00p
Day's High
95.55p
Day's Low
94.00p
Volume
27,390,072
Avg. Vol
33,991,162
52-wk High
116.31p
52-wk Low
69.42p

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Latest Key Developments (Source: Significant Developments)

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

RSA Insurance Group Plc's board declares final dividend for 2013
Thursday, 27 Feb 2014 02:00am EST 

RSA Insurance Group Plc:To pay 3.90p as final dividend for Dec. 31, 2013.  Full Article

RSA Insurance Group PLC announces board change
Tuesday, 4 Feb 2014 11:19am EST 

RSA Insurance Group PLC:Says the appointment of Stephen Hester as Group Chief Executive and a Director of the company with immediate effect.Says Martin Scicluna, Chairman of RSA, who has been acting in an executive capacity pending the appointment of a Chief Executive, will revert to Non-Executive Chairman.  Full Article

RSA Insurance Group PLC faces sale of family silver to protect credit rating-Reuters
Monday, 16 Dec 2013 12:06pm EST 

RSA Insurance Group PLC:May have to sell assets, leaving it concentrated in slow-growing markets such as its British home patch, to raise up to 1 bln pounds ($1.6 bln) and safeguard its credit ratings-Reuters.Ratings agency Fitch put RSA's Insurer Financial Strength (IFS) rating of A on Rating Watch Negative, indicating it is considering a downgrade.  Full Article

RSA Insurance Group PLC announces Group Chief Executive resignation
Friday, 13 Dec 2013 02:00am EST 

RSA Insurance Group PLC:Accepts the resignation of Simon Lee, Group Chief Executive, with immediate effect.Says its Board has asked Martin Scicluna, the Non-Executive Chairman, to become Executive Chairman until a permanent replacement for Simon Lee can be found.  Full Article

RSA Insurance Group PLC Announces Interim Dividend
Thursday, 1 Aug 2013 02:00am EDT 

RSA Insurance Group PLC announced that the Board has agreed an ordinary interim dividend of GBP0.228 per share (2012 ordinary interim dividend: GBP0.341 per share).  Full Article

RSA Insurance Group PLC Agrees New Five Year Pact With Motability Operations-DJ
Tuesday, 18 Jun 2013 05:15am EDT 

Dow Jones reported that RSA Insurance Group PLC said it has agreed a new (initial) five year contract to provide motor insurance to Motability Operations, starting October 1 and extending a long term relationship. Deal will be on a quota share arrangement with RSA retaining 20% of the premium exposure, ceding the balance to a Motability Operations owned captive. Insurance cover will continue to be provided for multi-year policies, however under the new contract all policies will be re-priced every six months. Policies written under the current contract will remain in force for the duration of their three year contract.  Full Article

RSA Insurance Group PLC Announces Holding Interest Of Legal & General Group Plc
Monday, 10 Jun 2013 06:00am EDT 

RSA Insurance Group PLC announced that Legal & General Group Plc holds 111,239,197 shares, representing 3.04% of voting rights in the Company.  Full Article

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