Rory O Connor

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RSA chief executive Philips Smith. Photograph: Dara Mac Dónaill/The Irish Times

Mark PaulRSA Ireland, the insurance company which recently suspended three senior executives over alleged irregularities in its claims and provisionin(...)

Philip Smith:  currently suspended pending the outcome of an investigation

Philip Smith, who is currently serving a suspension as chief executive of insurer RSA, has agreed to “step back” from his role as president of Insuran(...)

The Central Bank pointed out that PwC has been “on site” within RSA’s Irish operation since the week beginning October 28th and had not been brought in over the weekend, as may have been the impression given by RSA. Photograph: Matt Kavanagh

RSA seems to have a been somewhat economical with the the truth when it comes to the Central Bank’s role in uncovering problems at its Irish subsidiar(...)

The Central Bank said yesterday that it identified an issue with regard to “delays in increasing case reserves on large claims in a timely manner and this informed the terms of an internal audit that RSA had already scheduled in relation to the same area”.

The Central Bank of Ireland identified concerns about the operations of insurer RSA Ireland some three months before three senior executives at the co(...)

During a conference call yesterday, analysts grilled RSA directors about the implications of the two successive profit warnings on the insurer’s levels of debt, the adequacy of its controls and the possibility of disposals.

Shares in RSA dropped as much as 16 per cent yesterday as investors had their first chance to respond to accounting irregularities at the insurer’s Ir(...)

RSA told investors last Friday that problems in its Irish unit would knock about £70 million, or 15 per cent, off its group profits

Shares in RSA Insurance Group, Britain’s biggest non-life insurer, fell by up to 16 per cent this morning as markets reacted to the suspension of thre(...)

RSA said no findings had been made against any individuals involved in the audit and suspensions at this time, but as a result of these issues it estimated the group’s 2013 operating result would be £70 million (€83.9 million) lower than current market expectations. Photograph: Philip Toscano/PA Wire

RSA Insurance has said it has suspended the chief executive and two other senior managers of its Irish business while it investigates issues in the u(...)

Brian McDonagh is a musician and painter. From Dublin, he was member of 1970s traditional group, Oisín. He moved to Sligo in the 1980s and was a found(...)

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