|Bid||554.80 x 14800|
|Ask||555.20 x 55900|
|Day's Range||551.40 - 556.80|
|52 Week Range||490.40 - 683.40|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||17.61|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||0.27 (5.06%)|
|1y Target Est||643.31|
LONDON (Reuters) - Jupiter Fund Management has appointed Wayne Mepham as its new chief financial officer, poaching the executive from rival money manager Schroders in the latest major change to its leadership ...
The Bank of England said it was carefully monitoring falling capital levels at insurers that use their own computer models for calculating capital requirements. David Rule, executive director of insurance supervision at the Bank of England's Prudential Regulation Authority, also warned insurers that ending use of the tarnished Libor interest rate benchmark was a top priority.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...
The midcaps gave up 1.3 percent, lagging the main index, whose losses were capped due to gains across so-called defensive stocks, which are deemed safer bets at times of economic troubles. U.S. President Donald Trump late on Wednesday accused China of breaking the deal they had reached in trade talks, while a rise in U.S. tariffs is set to be triggered on Friday. The U.S. is set to up the ante ... and that has prompted dealers to cut and run," CMC Markets analyst David Madden said.
British insurer RSA, which has been looking at ways to improve profitability in its commercial insurance business, has set up five new departments within one of its commercial divisions, it said on Wednesday. The groupings - rail, chemical, food and beverage, real estate and renewables - cover "the areas in which we feel confident we can grow, and continue to win business," Neil Strickland, RSA's customer experience director, global risk solutions, said in a statement. The global risk solutions division provides commercial insurance for large and multinational clients in Britain, Europe and the Middle East.
The Luxembourg insurance sector was buoyed by Brexit effect in the first quarter, the national insurance commission said on Monday, with international non-life premiums showing a fourfold increase from a year earlier. Premiums in the non-life sector, including domestic business, jumped by 218 percent year on year thanks largely to the licensing of firms establishing bases in Luxembourg after the United Kingdom's decision to leave the European Union, Luxembourg's CAA said. Total insurance premiums, including life assurance, were up 46 percent at 9.43 billion euros (8.06 billion pounds), CAA data showed.
The latest earnings release RSA Insurance Group plc's (LON:RSA) announced in December 2018 suggested that the business benefited from a strong tailwind...
The average premium for a comprehensive policy is now 762 pounds, according to the latest index from price comparison site Confused.com compiled by insurance advisory company Willis Towers Watson. "The fluctuation in premium levels seen across recent quarters reflects ongoing uncertainty surrounding the impact of the Civil Liability Bill and the anticipated adjustment to the Ogden rate," said Stephen Jones, UK P&C Leader at Willis Towers Watson. Prices in 2018 were also pushed down by changes in the Ogden rate, used to calculate compensation for personal injuries and the Civil Liability Bill, which includes reforms likely to reduce claims for whiplash injuries.
Yasuhiro Furuse could have retired two years ago, but he wasn't entirely happy with his pension income and had to put any such thoughts to bed. It was just as well for Furuse's employer Orix Corp, a financial services group, which would have struggled to find a replacement, with Japan's jobless rate at 26-year lows. This win-win arrangement, increasingly common in Japan, highlights a structural and policy challenge facing the world's third-biggest economy.
General insurers are failing to consider value for money for their customers in their products and services, Britain's financial watchdog said on Wednesday, warning it was prepared to act against firms and their senior managers. The Financial Conduct Authority has written to the CEOs of general insurers, which provide insurance for homes, cars, travel and pets, telling them their manufacturing, sales and distribution approaches can lead to customers buying the wrong products, paying excessive prices or receiving poor service. "We are going to carry out further supervisory work to make sure that firms meet their obligations and will not hesitate to use the full range of our regulatory powers," Jonathan Davidson, FCA executive director of supervision for retail and authorisations, said in a statement.
Saga, which serves the over-50s, said profit was liable to fall by as much as 75 million pounds this year as it faced margin pressure in its insurance business. To help revive its insurance business, Saga plans to offer home and motor policies with three-year fixed pricing and also cut prices for renewals. Bookings at the company's tour operations for the coming year were 3.4 percent lower than a year ago, Saga said, blaming uncertainty around Britain's exit from the European Union.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! On 31 December 2018, RSA Insurance Group plc (LON:RSA) releasedRead More...
Shares of RSA Insurance Group plc (LON:RSA) will begin trading ex-dividend in 2 days. To qualify for the dividend check of UK£0.14 per share, investors must have owned the sharesRead More...
The FTSE 100 ended 0.5 percent lower while the more domestically focused FTSE 250 handed back the day's losses to be up 0.1 percent as Inmarsat jumped on M&A chatter. Investor sentiment was grim as the White House said U.S. President Donald Trump and North Korean leader Kim Jong Un did not reach an agreement at the end of two days of meetings.
On top of this, CS believes that the French company’s flagship Louis Vuitton brand could positively surprise the market this year. Consumer engagement has notably increased at the brand over the past few quarters, thanks to the appointment of a creative director with streetwear credentials, frequent capsule collection releases and a greater focus on digital communication, Credit Suisse says. The bank believes 2019 consensus forecasts may be underestimating the positive effects of Louis Vuitton’s brand heat.
Bad weather and weakness in specialist commercial lines caused a 19 percent drop in British insurer RSA's full-year operating profit, sending its shares down on Thursday. Insurers globally have suffered from two years of heavy losses after natural catastrophes such as storms, hurricanes and typhoons, while premium increases across a range of insurance classes have been capped by strong competition. "We had subsidence in the summer in the UK, the "Beast from the East" in the winter in the UK, Canada had lots of weather losses," CEO Stephen Hester told a media call after the group's results.
Hastings, which kicks off the earnings season for motor insurers, said profit before tax rose to 152.9 million pounds for the year ended Dec. 31 from 149 million pounds, a year earlier. Gross written premiums rose 3 percent to 958.3 million pounds for the year, said the FTSE 250 company, which operates mainly in the motor insurance market. The cost of a comprehensive motor insurance policy dipped last year, hurt by changes in the Ogden rate, used to calculate compensation for personal injuries, and the Civil Liability Bill that includes reforms likely to reduce claims for whiplash injuries.
European stocks were mostly lower on Thursday, as investors keept abreast of geopolitical news taking place across the globe. The pan-European Stoxx 600 was off by 0.4 percent with most sectors in the red. On Wednesday, U.S. Trade Representative Robert Lighthizer stated in front of the House Ways and Means committee that he foresaw long-term hurdles ahead.