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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. ”
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Victorian quarter????
Cork must think or want to be part of the UK with its “Victorian quarter” and olde English market
@Jamie: eh, I’m from Cork, this is the first time I’ve heard of our “Victorian Quarter”
Beat me to the punch. WTF, like.
@Dave O Keeffe: david old chap is that not where you go for your tea and crumpets
@Dave O Keeffe: It’s referred to that because it is an historical part of the city with a lot of Victorian buildings…..obviously.
@Grey Beard: Let me repeat. there is no ‘Victorian quarter’ in cork. Some marketing clown has invented it in the last few weeks….
@Rehabmeerkat: Have heard it referred to that for many years. Sure it’s not an official name, and it’s not trying to be. It’s just a name used to refer to an area of particular historical significance. It’s nothing new to me but used to work in the tourism industry
@Grey Beard: Anyway, there are some beautiful victorian buildings in and around McCurtains street. If calling it “the victorian quarter” is what it takes to get that street some investment and cleaned up, I’m all for it. The state it’s in at the moment is a shame.
@Grey Beard: When were you last in McCurtain St? The place is buzzing at the moment. Loads of new restaurants have opened there and the bars that were struggling are now doing well with people going for drinks before and after dining. As for the Victorian Quarter I grew up around the corner and never recall it being called that.
If it gets planning,probably won’t be built for another 10 years like everything else in the city,event centre ,Anderson quay,custom quay spring to mind,
@phil o c: if it gets planning, unlike a government backed project it will be build on time and in budget… Private sector is a different ball game altogether
@Jay Warner: The builders that build government backed projects and all other projects are private sector. Different ball game my butt.
The difference is if you delay in the public sector job you will still get paid.
Delay In a private sector job and you will be fined.
Awesome, hope it happens
@mcgoo: kawabunga dude
Good aul craic Cork “City” but in desperate need of a facelift. Battered weary looking place.
- 400,000 population in metro area
- International airport
- Second largest urban centre in the republic
- Cathedral
- University
- Institute of Technology
- 2-3 other third level institutions
- Has the only level 1 trauma centre in the country – CUH
Yea, it’s a city. Get over it.
@Tweety McTweeter: and a city council who loves ticketing shoppers that dare come into the city centre to spend money.
@Tweety McTweeter: Dowtcha kid..
@Ger Buckley: cause it’s free to park in Dublin…. oh wait..
@Tweety McTweeter: 400,000 me arse! Maybe 200,000 and that’s including towns 20 miles away.
@William Grogan: Glanmire, Ballincollig and Douglas are 20 miles away?
We don’t have a Victoria quarter. We have a group of langers trying to rename McCurtain Street.
Some LANGERS in this comment area today
@Jasun Ó Cearnaigh: Classic
“Relaxation collision space”…ah..of course….
Victorian quarter mon derriere. And thats one ugly looking building!
@Sean O Ceallaigh: I’m not a big fan of the architect community but it’s not the worst design I’ve ever seen. Have you got an alternative you could pop up on a web page and give us a look?
@Virtual Architect: “it’s not the worst” are our standards really this low?.
It reminds me of the block of bland which replaced the old capitol cinema, people say ” sure it’s better than what was there before”
@Eamonn Duggan: the Capitol looks nice now I think
Any parking?
@Eamonn coughlan: the central train and bus stations are literally 5 mins away
I suppose it is the back of the hotel
Terrible photo.
Sweet smug charming Cork
have your say