|Bid||412.70 x 0|
|Ask||412.90 x 0|
|Day's range||409.50 - 424.20|
|52-week range||321.20 - 736.84|
|Beta (5Y monthly)||0.64|
|PE ratio (TTM)||12.72|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||05 Mar 2020|
|1y target est||643.31|
There is great comfort to be found in regular, reliable dividend payouts, especially in times of economic uncertainty. But finding shares that can pay them isn...
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The Rsa Insurance (LON:RSA) share price has risen by 22.0% over the past month and it’s currently trading at 424.4. For investors considering whether to buy, h...
Yvonne Fovargue, head of the All Party Parliamentary Group on consumer protection, said insurers were 'weaselling their way out' of paying on the pandemic.
The Rsa Insurance (LON:RSA) share price has risen by 3.54% over the past month and it’s currently trading at 369. For investors considering whether to buy, hol...
Lloyd's of London, Hiscox and RSA are among donors to a new British 100 million pound ($121.19 million) insurance and long-term savings COVID-19 support fund, the Association of British Insurers (ABI) said on Monday. The fund is being set up as insurers like Hiscox are under attack from small businesses who say their claims for disruption due to the virus have been declined, prompting the Financial Conduct Authority to go to the courts for a decision on the issue. The fund has already received 82.5 million pounds in pledges, the ABI said in a statement, with 20 million pounds of the money pledged so far going to The National Emergencies Trust to support charities tackling the effects of the virus.
Measures to help customers struggling to pay premiums on insurance policies during the coronavirus crisis will come into effect on Monday, Britain's Financial Conduct Authority said on Thursday. The FCA, which put the measures to public consultation on May 1, said on Thursday that a majority of those who responded showed support. The measures, which include deferring premiums for up to three months, would be reviewed in the next three months and may be revised if appropriate, the FCA said.
Lloyd's of London said its members were set to pay out between $3bn and $4.3bn over the pandemic, putting it on a par with the 9/11 terrorist attacks.
Britain's insurers should be ready to tap markets for capital if necessary due to uncertainty over the volume of claims in the coronavirus pandemic, the Bank of England's insurance regulator said on Thursday. "What we are asking firms to do and expecting firms to do is to think of different sources of vulnerabilities that might have a financial cost, and their flexibility for action," BoE executive director for insurance Anna Sweeney told a City & Financial webinar.
Forcing insurers to retroactively cover business disruption losses from the pandemic could ultimately put financial stability at risk, the International Association of Insurance Supervisors (IAIS) said on Thursday. Eight U.S. states have introduced legislation which would require insurers to pay claims, mainly to small businesses, despite exclusions. Where pandemic risks are covered by a policy, insurers should pay out such claims in a prompt and efficient manner, the IAIS said in a statement.
Britain's Financial Conduct Authority is looking to get business interruption insurance policies examined by a court as soon as July, Daniel Duckett, a member of the Hiscox Action Group of policyholders, said on Thursday. The action group, which is seeking to sue Hiscox over allegations that legitimate business interruption claims have been rejected during the coronavirus pandemic, held a discussion with the FCA this week, Duckett said. The FCA said last week it was seeking clarity from the courts about whether some business interruption policies should provide cover as a result of the pandemic, after policyholders complained their claims were denied.
The FCA said it would seek an urgent court ruling over whether the wording around business interruption covered small businesses.
Britain's financial watchdog said it would urgently ask the courts to clarify uncertainty over the inability of some insurance customers to obtain compensation for disruption caused by the coronavirus pandemic. The Financial Conduct Authority said it was seeking a declaration from the court due to continuing concerns about the lack of clarity and certainty for some customers making business interruption claims, and the basis on which some firms are making decisions in relation to claims. The FCA also set out measures to support consumers and businesses who hold insurance products and who are facing other issues as a result of coronavirus.
Top insurers such as AXA , RSA, QBE and Zurich face a potential multi-million pound lawsuit from British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been rejected. A new Hospitality Insurance Action Group (HIGA) on Wednesday issued a "call to arms" to the sector to step forward and have their policies checked for free in the latest move to tackle insurers over their response to the coronavirus pandemic. Lawyers at Mishcon de Reya -- who are already advising a separate action group against Hiscox, a leading insurer of small and medium sized businesses -- said the hospitality sector had been particularly hard hit by the lockdown.
British insurers are likely to pay more than 1.2 billion pounds ($1.5 billion) on claims from businesses and individuals affected by the coronavirus pandemic, an insurance trade body said on Saturday. The estimate includes 900 million pounds for business interruption claims, a record 275 million pounds for cancelled travel and 25 million pounds for cancelled weddings, school trips and events, the Association of British Insurers (ABI) said in response to a request for information from parliament's Treasury Committee. Checking that insurers were treating customers fairly, the committee of lawmakers last month asked how many of the ABI's members had stopped offering insurance or changed the terms of existing products.
British motor insurers should repay all or some of their premiums to customers because of a steep drop in car use and claims due to the coronavirus lockdown, a group of lawmakers said. The lawmakers said car insurers had reported an almost 50% drop in claims during the lockdown and the British government had said driving was down by 75%, with insurers calculated to make one billion pounds ($1.24 billion) profit from the drop in claims. "For this reason, we, MPs from all political parties, would suggest to you that HM Treasury take action to ensure that UK insurance companies repay some, or where appropriate all, of premiums to customers."
Recruiter Morgan McKinley said new financial services jobs grew strongly in January and February before the COVID-19 pandemic halted the revival.
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Most insurance policies bought by smaller companies do not cover for disruption caused by the coronavirus pandemic, Britain's Financial Conduct Authority said on Wednesday. Britain is in lockdown, with many companies shuttered and millions of people furloughed as the country heads for a deep recession. The FCA said most company insurance policies only gave basic cover, with no obligation to pay out in relation to the COVID-19 pandemic.
Aviva, Hiscox, Direct Line, and RSA all cut payouts to shareholders, piling the pressure on rival Legal & General to do the same.
The Bank of England said on Friday it backed calls from the European Union's insurance regulator for insurers to pay close attention to protecting policyholders when deciding whether to pay dividends or bonuses. "We therefore expect firms to be prudent in deciding on dividend payments or variable remuneration in view of the elevated levels of uncertainty presented by coronavirus and its impact on the global economy," a Bank of England spokesperson said. Shares in top European insurers sank on Friday after the European Insurance and Occupational Pensions Authority said on Thursday evening that insurers should suspend dividends and share buybacks, and postpone bonuses where possible.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Britain's lawmakers have piled more pressure on insurers to show flexibility to businesses and customers making claims during the coronavirus epidemic that has shut down most of the economy. The Treasury Select Committee (TSC) sent the Association of British Insurers (ABI) a detailed list of data it wanted in order to check that insurers are treating customers fairly. The lawmakers said in their letter to the ABI that they wanted to know how many of its members have stopped offering insurance or changed the terms of existing products.