Get Live Data

Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Andrada Mining acquisition elevates the miner to emerging mid-tier status
Andrada Mining acquisition elevates the miner to emerging mid-tier statusView Video

Latest Share Chat

  2. Share Prices
  3. RSA.L Share Price
  4. RSA.L Share News
  5. Peel Hunt downgrades RSA Insurance as takeover nears completion

Pin to quick picksRSA.L Share News (RSA)

RSA.L Information
  • There is currently no data for RSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
18 May 2020 09:34

UK BROKER RATINGS SUMMARY: Morgan Stanley Cuts Ashtead To Equal Weight

UK BROKER RATINGS SUMMARY: Morgan Stanley Cuts Ashtead To Equal Weight

Read more
15 May 2020 13:10

UPDATE 1-Test case over virus-hit British business insurance will be legally binding -FCA

(Adds detail, background)LONDON, May 15 (Reuters) - Britain's Financial Conduct Authority said on Friday that a test case it is bringing to clarify uncertainty over whether small businesses can claim compensation for disruption caused by the coron...

Read more
14 May 2020 11:02

UK watchdog says pandemic relief measures in insurance to start May 18

LONDON, May 14 (Reuters) - 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 mea...

Read more
14 May 2020 10:56

UK WINNERS & LOSERS SUMMARY: Hargreaves Gains As Clients Bargain Hunt

UK WINNERS & LOSERS SUMMARY: Hargreaves Gains As Clients Bargain Hunt

Read more
13 May 2020 09:52

CORRECT: UK BROKER RATINGS SUMMARY: UBS Cuts Morrison To Neutral

CORRECT: UK BROKER RATINGS SUMMARY: UBS Cuts Morrison To Neutral

Read more
13 May 2020 09:19

UK BROKER RATINGS SUMMARY: UBS Cuts Morrison, Starts Ocado At Neutral

UK BROKER RATINGS SUMMARY: UBS Cuts Morrison, Starts Ocado At Neutral

Read more
7 May 2020 17:11

LONDON MARKET CLOSE: Stocks Rise As Lockdown Restrictions Set To Ease

LONDON MARKET CLOSE: Stocks Rise As Lockdown Restrictions Set To Ease

Read more
7 May 2020 16:26

UPDATE 1-UK watchdog aims for July court date on business interruption insurance -policyholder

* Top insurers including Hiscox face policyholder action* Policyholders can also go to Financial Ombudsman* Lloyd's of London chairman hopes for co-ordination (Adds quotes, FCA, FOS, Lloyd's of London)By Carolyn Cohn and Kirstin RidleyLONDON, May 7 ...

Read more
7 May 2020 16:25

Bank of England asks insurers to be ready to raise capital if needed

LONDON, May 7 (Reuters) - 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 ...

Read more
7 May 2020 15:16

UPDATE 1-Forced pandemic payouts risk financial instability -insurance regulators

(Adds more detail, background)By Huw Jones and Carolyn CohnLONDON, May 7 (Reuters) - Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global i...

Read more
7 May 2020 14:05

Forcing insurance pay outs in pandemic could hit financial stability - IAIS

LONDON, May 7 (Reuters) - 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.Battles...

Read more
7 May 2020 13:48

UK watchdog eyes July for business interruption insurance court date-policyholder

LONDON, May 7 (Reuters) - 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...

Read more
7 May 2020 12:05

LONDON MARKET MIDDAY: FTSE, Pound Higher Despite BoE's UK GDP Warning

LONDON MARKET MIDDAY: FTSE, Pound Higher Despite BoE's UK GDP Warning

Read more
7 May 2020 09:33

UPDATE 2-UK shares end shortened week on upbeat note

(Updates with closing prices. The London market is closed on Friday for a public holiday. Reuters will continue coverage on Monday, May 11)* FTSE 100 up 1.4%, FTSE 250 adds 1.7%* China exports rise for the first time this year* Lenders gain after u...

Read more
7 May 2020 09:33

UPDATE 1-London stocks rise as China trade data offsets gloomy earnings

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* China exports rise for the first time in 2020* Lenders gain after upbeat BoE stress test* Rolls Royce slides on reports of job cuts* Insurer RSA jumps on flagging small corona...

Read more
121314151617181920

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.