RSA Insurance Group has appointed Scott Egan as the new CEO of UK and International division, effective 5 February 2019.
Egan will succeed Steve Lewis, who joined RSA in January 2015 and will retire from this role and leave the UK-based general insurance company.
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Egan continues as a member of RSA’s board and will report to Group CEO, Stephen Hester. His appointment is pending regulatory approval.
Prior to the new appointment, Egan has been working as chief financial officer of RSA since October 2015. Before joining RSA, he worked as UKGI CEO at Zurich. Previously, he also held management positions at Aviva, Brit Insurance and Towergate.
Hester said: “I’d like to thank Steve for his service to RSA over the last four years, leading a comprehensive restructuring of our UK&I businesses.
“In this period there have been some notable successes, although UK results in 2017 and 2018 have disappointed, particularly due to ‘London Market’ losses in areas now subject to the portfolio exits announced last year.
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By GlobalData“In Scott we have a strong successor to Steve, who knows the business well and has broad experience in UK general insurance. Scott has done an excellent job as CFO at RSA since joining and I look forward to working closely with him in his new capacity.”
Egan said: “I’m delighted to be taking on this role. The UK&I region has undergone substantial transformation in recent years. Many of the fundamentals are in place and I look forward to working alongside my UK&I colleagues to ensure the region maximises its contribution to RSA’s ongoing success.”
Additionally, RSA has started search for a new CFO. An appointment is likely to be announced in the coming weeks.
In December last year RSA has secured approval from the High Court of England and Wales to transfer its European business to Luxembourg branch ahead of Brexit.
