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EasyJet has appointed former RBS CEO Stephen Hester as its chair designate to succeed John Barton

EasyJet names ex-RBS boss Hester as new chairman

UK airline EasyJet said today it had appointed former RBS chief executive Stephen Hester as its chair designate to succeed John Barton.

Business • 23 Aug 21

Insurer RSA said there was a net Covid-19 impact of £42m on operating profit from premiums, claims and investment income.

RSA's profit rises as takeover remains on track

The purchase of RSA by Denmark's Tryg and Canada's Intact Financial is likely to complete in May, the insurer's chief executive said today, as the firm reported a 15% rise in 2020 operating profit.

Business • 26 Feb 21

RSA said its directors intended to recommend unanimously that shareholders vote in favour of the offer

Insurer RSA receives £7.2 billion cash takeover offer

RSA Insurance said today it had received a cash offer worth £7.2 billion from Canadian insurer Intact Financial and Danish insurer Tryg.

Business • 18 Nov 20

RSA CEO Stephen Hester has shored up the firm's balance sheet with a £773m rights issue and scaled back underperforming businesses

RSA in £7.2 billion takeover talks with Intact and Tryg

RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up deal that values the British firm at about £7.2 billion.

Business • 06 Nov 20

RSA's CEO Stephen Hester said the coronavirus is likely to have little impact on insurer RSA's business

RSA sees little impact from coronavirus as profit rises

The coronavirus epidemic is likely to have little impact on insurer RSA's business, chief executive Stephen Hester said, as the company's shares rose on a forecast-beating 2019 operating profit.

Business • 27 Feb 20

As well as the UK, RSA also has major businesses in Ireland, Canada and Scandinavia.

RSA's 2019 premiums flat, underwriting profit up

RSA's net written premiums were flat for the year to date but underwriting profit rose strongly the insurer said today, after it cut back on under-performing business.

Business • 07 Nov 19

Insurers globally have suffered from two years of heavy losses after natural catastrophes such as storms, hurricanes and typhoons

Insurer RSA profits lag forecasts on bad weather

Bad weather and weakness in specialist commercial lines caused a 19% drop in UK insurer RSA's full-year operating profit, sending its shares lower today.

Business • 28 Feb 19

RSA is currently in the middle of a large-scale restructuring under chief executive Stephen Hester

Insurer RSA posts 5% drop in nine month premiums

Insurer RSA today posted a 5% drop in net written premiums in the first nine months of 2016 due to the impact of asset disposals.

Business • 03 Nov 16

RSA's Irish operations saw an operating loss of £26m last year, much reduced from the £97m loss reported in 2014

RSA Insurance posts 43% rise in operating profits

British insurer RSA has today posted a 2015 operating profit of £523m, up 43% on a year earlier.

Business • 25 Feb 16

RSA chief executive Stephen Hester says "the clean-up of past weaknesses was expensive'

RSA swings into profit in 2014

RSA today posted a 2014 pretax profit of £275m, recovering from a £244m loss a year earlier.

Business • 26 Feb 15

Net written premiums of £5.7 billion for the first nine months were down 9% on a year earlier on a constant currency basis

RSA insurance premiums hit by soft markets

RSA said premiums had fallen this year because of soft markets and its focus on areas offering higher returns as the company works to turn around its business under new CEO Stephen Hester.

Business • 06 Nov 14

RSA's CEO Stephen Hester says turnaround plan ahead of schedule

RSA reports difficult H1 in Irish market

RSA bounced back to profit in the first half of the year and said it was ahead of schedule in its turnaround plan under the helm of recently appointed CEO Stephen Hester.

Business • 07 Aug 14

RSA reported a 24% drop in the net value of premiums written in Ireland over the first three months of 2014

RSA's written premiums down as shakeup continues

Insurer RSA said net written premiums fell in the first quarter of the year as a turnaround plan involving disposals and more disciplined trading took hold.

Business • 08 May 14

RSA aiming to raise £773m to restore its capital position

RSA launches £773m rights issue

RSA has set out its plans for a fully underwritten rights issue to raise £773m to restore its capital position.

Business • 25 Mar 14

RSA said it has already started making disposals, worth around £300m

RSA unveils £775m rights issue

RSA today launched a plan to boost capital by up to £1.6 billion, half of which will be tapped from shareholders and the rest from disposals and money saved from a dividend cut.

Business • 27 Feb 14

Stephen Hester takes over after a £200m black hole was discovered at its Irish business

Stephen Hester named CEO of RSA Insurance

Former Royal Bank of Scotland boss Stephen Hester has been appointed as CEO of the troubled RSA Insurance as the group looks to move on from the recent scandal at its Irish arm.

Business • 04 Feb 14