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PWC brought in to investigate RSA claims and finance

The company, which suspended three executives last week, says the investigation will be “comprehensive”.

THE RSA GROUP, which last week suspended three of its executives, has appointed auditors PWC to carry out an investigation into their claims and finance operations.

On Friday it was revealed that CEO Philip Smith, CFO Rory O’Connor and Claims Director Peter Burke had been suspended after a routine audit found problems in the departments.

RSA, which owns and operates 123.ie, said in a statement that the PWC investigation will be “comprehensive”.

The review will focus on the financial and regulatory reporting processes at the company, RSA says.

Simon Lee, Group Chief Executive of RSA said that, while serious, the issues did not have a “material impact on the group”.

“We are extremely disappointed with the issues which have been identified and their financial impact on the Group. While the investigation is ongoing, I am confident that these issues are isolated to the Irish business.

No policyholders have been affected and all our Irish businesses continue to operate as normal.

“Nevertheless, we want to ensure that the actions being taken in Ireland and across the Group are correct and that all lessons are learnt. ”

Read: RSA Insurance executives suspended as firm announces €84m profit shortfall

Read: Newbridge Credit Union taken over by Permanent TSB

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20 Comments
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    Mute Gerard Ryan
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    May 7th 2015, 9:50 AM

    Belfast in the news a lot these days unfortunately.

    122
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    Mute Mr Phil Officer
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    May 7th 2015, 10:16 AM

    The journal only writes about crime reports in the 6 counties.

    45
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    Mute Amy gaffney
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    May 7th 2015, 11:04 AM

    Yes, the journal has some weird agenda to tarnish the 6 counties as chaotic and anarchic and the 26 counties as utopian and pure.

    Or, these events happen and the journal reports them regardless of where they are.

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    Mute Mr Phil Officer
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    May 7th 2015, 11:17 AM

    Amy that’s a huge leap from what I said, take as little as the last week alone, statistically speaking the 6 counties had more crime related articles than the east, south or west, the articles are there if you want to do the research and prove me wrong.

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    Mute Gerard Ryan
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    May 7th 2015, 11:24 AM

    Amy, stop being so bloody paranoid.

    14
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    Mute Paul Dunne
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    May 7th 2015, 11:32 AM

    it could be something to do with the couple of thousand murders these things tend to paint a picture amy.

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    Mute Big Yellow Crane
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    May 7th 2015, 12:19 PM

    Amy, these events do happen but the annual statistics don’t seem to match the prevalence of NI crime stories in the journal. Could it be that the PSNI are better at issuing crime reports that An Garda Siochana and that makes the journalist’s job a bit easier?

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    Mute Niall
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    May 7th 2015, 9:55 AM

    Bad break.

    86
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    Mute Chris
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    May 7th 2015, 9:58 AM

    The perps were probably high after shooting an eight ball.

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    Mute Con Manne
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    May 7th 2015, 11:17 AM

    Right on cue.

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    Mute Periguin
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    May 7th 2015, 2:12 PM

    He was told “there’s no back table” but sill!

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    Mute Paul Dunne
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    May 7th 2015, 10:00 AM

    there a different breed up there build a wall around it.

    38
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    Mute Mr Phil Officer
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    May 7th 2015, 10:19 AM

    You would think that with this sites insistence on publishing every crime related story from the 6 counties.

    15
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    Mute That's a paddlin'
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    May 7th 2015, 3:29 PM

    They’re.

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    Mute Live Long
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    May 7th 2015, 10:23 AM

    “Discover Northern Ireland”

    34
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    Mute Antrim/Kurdistan
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    May 7th 2015, 12:00 PM

    Why do you keep saying that?

    10
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    Mute Periguin
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    May 7th 2015, 2:13 PM

    Annoy ye, does it?

    8
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    Mute Tap Solny
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    May 7th 2015, 10:10 AM

    These thugs have been reared on ‘republican’ violence from birth. The SF/IRA ethos has permeated through all levels of the uneducated classically conditioned society.

    30
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    Mute B A C
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    May 7th 2015, 10:46 AM

    Tap you really are an annoying gimp how do you know they were catholics ?

    33
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    Mute Tap Solny
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    May 7th 2015, 11:06 AM

    There is a very high chance that they were catholics. All protestant denominations are catholic but they are not Roman Catholics. Ian Paisley was a catholic but he was not a Roman Catholic.

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    Mute Amy gaffney
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    May 7th 2015, 11:11 AM

    Potato potahto. You know what he meant!

    16
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    Mute Tap Solny
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    May 7th 2015, 11:21 AM

    Amy, you are correct, of course.

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    Mute Robert Mc Avinue
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    May 7th 2015, 11:53 AM

    Cue all the bad puns.

    26
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    Mute 1island1Ireland
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    May 7th 2015, 10:37 AM

    Because things like that would never happen here in Dublin!

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    Mute Tony Murphy
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    May 7th 2015, 10:17 AM

    Love/hate that. At least he didn’t get “frano’d”

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    Mute Robbie Curran
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    May 7th 2015, 12:31 PM

    Had a feeling it wasn’t in Dublin. Finding a pub in Dublin with a pool table is almost as hard as getting a straight answer from a politican.

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    Mute ohaimhirghin
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    May 7th 2015, 10:17 AM

    The second I saw Belfast I stopped reading

    17
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    Mute Robert Allen
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    May 7th 2015, 10:03 AM

    Cowardly bastw#rds!!!

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    Mute Proinsias Ó Foghlú
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    May 7th 2015, 10:14 AM

    This is news!

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    Mute Brian Gormley
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    May 7th 2015, 1:14 PM

    Imagine sitting in a pub at 2-30 on a thursday

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    Mute Jane
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    May 7th 2015, 11:34 AM

    Anyone wanna game of snooker, I do in me hole

    8
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    Mute billy hamson
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    May 7th 2015, 4:13 PM

    Norn iron news back down to earth with a bang after the high of a murder. roll on marching season

    1
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