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Three former RSA Insurance Ireland staff have been fined a combined £182,000 (€206,090) under sanctions tied to an investigation by a UK accounting watchdog into financial irregularities at the firm in 2012.In January 2002 Royal & Sun Alliance became involved in litigation over claims for injury arising from asbestosis among workers in Clyde shipyards.The workers alleged that between 1972–1977 R&SA had issued insurance certificates to asbestos manufacturer Turner & Newall but excluded cover for asbestosis, in breach of the Employers' Liability (Compulsory Insurance) Act 1969.R&SA responded that asbestos-related injury was excluded from the policy because it was a risk the company was not willing to underwrite, that Turner & Newall was instead self-insured against asbestosis and should therefore be responsible for any compensation.Royal & Sun Alliance Insurance Company of Canada (“RSA”) is part of the Royal & Sun Alliance Insurance Group plc.Dating back to 1710, the Group provides a comprehensive range of insurance and financial services to customers worldwide.A fatal event at an English FA Cup match, widely known as the Hillsborough disaster, implicated RSA.
Its global headquarters are in the City of London on 20 Fenchurch Street occupying floors 15-17 of the 'walkie-talkie' building.
In November 2002 Turner & Newall launched a suit against R&SA on behalf of former employees who had suffered asbestos-related disease, claiming that the insurer was liable because it provided employer liability policies to the engineering firm.
R&SA argued that a policy clause which excluded cover for pneumoconiosis also excluded other asbestos-related disease such as asbestosis and peritoneal mesothelioma.
At the time you pulled this report, the IP of is 184.108.40.206 and is located in the time zone of Europe/Berlin.
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The Royal Sun Alliance Insurance Company (which was the insurer for Sheffield Wednesday Football Club in 1989) refused to waive its entitlement to privilege, thus denying the Hillsborough Independent Panel access to its material.