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RSA.L Share News (RSA)

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Peel Hunt downgrades RSA Insurance as takeover nears completion

Fri, 07th May 2021 12:31

(Sharecast News) - Peel Hunt downgraded RSA Insurance on Friday to 'hold' from 'buy' but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.
The broker noted that RSA's takeover by the Intact-Tryg consortium is nearing completion, with all regulatory approvals now having been received.

Peel Hunt said the offer price is an attractive 18% premium to its 580p fair value estimate.

"We believe the consortium is buying RSA at an interesting inflection point for the Commercial lines business, as per the 1Q results, together with a healthy capital base.

"Intact's plans for RSA's UK Retail activities will be interesting to follow."

More News

10 Jul 2020 08:50

LONDON MARKET OPEN: Stocks Slide As Rising Virus Cases Hurt Mood

LONDON MARKET OPEN: Stocks Slide As Rising Virus Cases Hurt Mood

9 Jul 2020 09:36

UK BROKER RATINGS SUMMARY: RBC Downgrades Compass To Underperform

UK BROKER RATINGS SUMMARY: RBC Downgrades Compass To Underperform

1 Jul 2020 14:49

UPDATE 1-Bank of England gives banks 18 months to manage climate risks

(Adds more detail)By Huw JonesLONDON, July 1 (Reuters) - Banks and insurers in Britain must implement by the end of 2021 plans they have drawn up to deal with risks to their businesses from climate change, the Bank of England (BoE) said on Wednesd...

1 Jul 2020 13:41

Bank of England gives banks 18 months to manage climate risks

LONDON, July 1 (Reuters) - Banks and insurers in Britain must "fully embed" their approach to dealing with risks from climate change in their business by the end of 2021, Bank of England Deputy Governor Sam Woods said on Wednesday."There are some ...

26 Jun 2020 14:40

UPDATE 1-Policyholders to join UK watchdog in case against insurers

(Adds Hiscox Action Group comment)By Carolyn CohnLONDON, June 26 (Reuters) - Hiscox, QBE and Aviva policyholders can join Britain's markets watchdog in a High Court case to decide which insurers should pay out to businesses shut by the coronavirus...

26 Jun 2020 13:26

CORRECTED-Hiscox, Aviva policyholders to join UK watchdog in case against insurers

(Corrects to show Aviva is not a defendant in the FCA case)LONDON, June 26 (Reuters) - Groups of Aviva, Hiscox and QBE policyholders can join Britain's markets watchdog in a High Court case to decide which insurers should pay out to businesses shu...

26 Jun 2020 13:26

Hiscox, Aviva policyholders to join UK watchdog in case against insurers

LONDON, June 26 (Reuters) - Groups of Aviva, Hiscox and QBE policyholders can join Britain's markets watchdog in a High Court case to decide which insurers should pay out to businesses shut by the coronavirus pandemic, a judge said on Friday.The ...

25 Jun 2020 16:39

UPDATE 1-UK financial compensation body has insurers in its sights

(Updates with LCF misleading advice compensation)By Huw JonesLONDON, June 25 (Reuters) - Britain's financial services compensation body is "keeping an eye" on insurers facing claims from companies whose business has been interrupted by the COVID-1...

25 Jun 2020 13:50

UK financial compensation body has insurers in its sights

By Huw JonesLONDON, June 25 (Reuters) - Britain's financial services compensation body is "keeping an eye" on insurers facing claims from companies whose business has been interrupted by the COVID-19 pandemic, its chief executive told Reuters.Some...

23 Jun 2020 13:30

UPDATE 1-Britain sets out how it will regulate the City after Brexit

(Adds more detail)By Huw JonesLONDON, June 23 (Reuters) - Britain will "tailor" capital rules for insurers inherited from the European Union as it takes back control of its crucial financial services sector, finance minister Rishi Sunak said on Tu...

17 Jun 2020 18:35

UPDATE 1-Bank of England tells insurers to check capital to cope with COVID

(Adds more detail)By Huw JonesLONDON, June 17 (Reuters) - Britain's insurers should use findings from an emergency stress test in April to check if they can meet business interruption claims from the COVID-19 pandemic, the Bank of England said on ...

17 Jun 2020 17:39

Bank of England tells insurers to check capital to cope with COVID

LONDON, June 17 (Reuters) - Britain's insurers should use the findings of an emergency stress test in April to check if they can meet business interruption claims from the COVID-19 pandemic, the Bank of England said on Wednesday."Our analysis show...

8 Jun 2020 09:31

UK BROKER RATINGS SUMMARY: RBC Cuts JD Sports And Raises Kingfisher

UK BROKER RATINGS SUMMARY: RBC Cuts JD Sports And Raises Kingfisher

5 Jun 2020 09:43

UPDATE 2-Britain cracks down on "vulture" pensions advisers

(Adds Quilter)By Huw JonesLONDON, June 5 (Reuters) - Britain's markets watchdog has banned contingent charging from October after lawmakers criticised financial advisers for ripping off steelworkers facing critical decisions about their pensionsCo...

5 Jun 2020 09:43

UPDATE 1-Britain cracks down on "vulture" pensions advisers

(Adds reaction)By Huw JonesLONDON, June 5 (Reuters) - Britain's markets watchdog has banned contingent charging from October after lawmakers criticised financial advisers for ripping off steelworkers facing critical decisions about their pensions....