28th Feb 2019 17:17
LONDON (Alliance News) - RSA Insurance Group PLC on Thursday said Joseph Streppel will retire as a non-executive director with effect from May 9.
The general insurance company said Streppel is currently chair of the Investment Committee and his successor will be appointed in due course.
"I would like to take this opportunity to thank Jos for his valuable contribution to the group over the past seven years and, in particular, for his contribution as chair of the Investment Committee. On behalf of all at RSA, we wish him every success for the future," said Chair Martin Scicluna.
RSA on Thursday reported a consensus beating annual pretax profit but saw a drop in net premiums, struggling with UK and Canada weather related costs and large losses in its London Market business.
RSA shares closed 3.0% lower on Thursday at 511.00 pence each.
Related Shares:
RSA.L