Shares in focus: Is the sun setting on insurance giant RSA?

RSA has been hit by catastrophes, but can the insurance giant stage a recovery? Phil Oakley investigates.

What is RSA?

RSA Insurance Group (RSA) sells car, house, travel and pet insurance to consumers in Britain under the MORE TH>N brand and via insurance brokers and partners such as banks, motor manufacturers and retailers. It also sells general insurance to companies, particularly specialist cover in areas such as marine, construction and engineering and renewable energy. RSA has direct operations in 36 countries. A partner network gives it a presence in more than 150 countries.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.