RSA Insurance Group plc · London United Kingdom ·(London: RSA)
Company Description
Phone: +44-20-7111-7000
Rankings
- FTSE 100
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This link will open in a new window RSA Insurance Group plc is one of Britain's largest insurers, covering everything from pets to palaces. With operations in more than 28 countries, the company focuses on commercial lines but also offers personal lines products such as auto, home, and pet insurance in select markets. RSA, which operates through numerous subsidiaries, offers such commercial products as liability, legal insurance, and property insurance, RSA's largest business. The company, which changed its name from Royal & Sun Alliance Insurance Group to RSA Insurance Group in 2008, formed its current structure in 1996 following the merger of UK insurance companies Royal Insurance and Sun Alliance. RSA's roots date back to the 1700s. To read the full description, subscribe now.
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Key RSA Insurance Group plc Financials
| Company Type | Public - London: RSA Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $6,462.0 |
| Employees | 22,553 |
RSA Insurance Group plc Executives
26 executives listed for RSA Insurance Group plc's London, location.
| Title | Name & Bio | Contact |
| Chairman | John Napier | Network |
| CEO and Board Member | Andy Haste | Network |
| CFO and Board Member | George Culmer | Network |
Competition
Competitive Landscape for RSA Insurance Group plc
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top RSA Insurance Group plc Competitors
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