Stephen Hester


Stephen Hester News

  • PZU to Pay EU360 Million for RSA’s Eastern European Units

    PZU SA, central Europe’s largest insurer by market value, agreed to buy RSA Insurance Group Plc’s four units in the biggest foreign acquisition by a Polish financial company.

  • RSA U.K. Boss Brown to Leave in First Hester Resignation

    RSA Insurance Group Plc said the head of its U.K. and western Europe business will leave the company, marking the first resignation of a senior manager since Stephen Hester was hired to revamp the British insurer.

  • RSA’s Hester Gets Backing for $1.3 Billion Share Sale

    RSA Insurance Group Plc Chief Executive Officer Stephen Hester has won shareholder backing for his 775 million-pound ($1.3 billion) share sale designed to shore up the balance sheet.

  • RBS Hires Credit Suisse’s Ewen Stevenson as CFO

    Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, hired Ewen Stevenson from Credit Suisse Group AG as chief financial officer.

  • RSA CEO Hester Is Lined Up to Earn $9.3 Million in Pay

    RSA Insurance Group Plc Chief Executive Officer Stephen Hester, drafted in to turn around the U.K. insurer, may be paid as much as 5.6 million pounds ($9.3 million) for his first 12 months in the job.

  • RSA’s Hester Taps Buffett, Unveils Share Sale to Rebuild

    After less than a month on the job, RSA Insurance Group Plc Chief Executive Officer Stephen Hester announced a stock sale and tapped Warren Buffett for reinsurance to help strengthen the insurer after its scandal in Ireland.

  • RSA Hires Ex-RBS Boss Hester as CEO After Irish Probe

    RSA Insurance Group Plc hired former Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester to lead the U.K. insurer as it seeks to put a scandal at its Irish unit behind it.

  • RBS on Brink of Profit Seen by Van Saun as King Urges a Breakup

    Rory Cullinan runs the world’s worst bank from a fifth-floor office overlooking Liverpool Street station in London. His 400-person outfit doesn’t lend money or trade securities. Instead, it sells blown-out mortgages, busted loans and entire companies amassed by Royal Bank of Scotland Group Plc before it collapsed in the global financial crash of 2008. On a Friday afternoon in February, Cullinan is savoring a new feeling in his life as a toxic-asset disposal specialist: hope that the worst is finally over.

  • RBS CEO Stephen Hester to Step Down After Almost Five Years

    Royal Bank of Scotland Group Plc, Britain’s biggest government-owned bank, unexpectedly said Chief Executive Officer Stephen Hester will step down at the end of 2013 as the U.K. prepares for a possible share sale.

  • RSA Upgraded by S&P on Planned Share Sale, Buffett Deal

    RSA Insurance Group Plc was upgraded by Standard & Poor’s after Chief Executive Officer Stephen Hester announced a stock sale and a deal to transfer risk to Warren Buffett’s Berkshire Hathaway Inc.

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