22nd Nov 2012 07:00
RSA Group Announces Martin Scicluna as its New Chairman
Leading global insurer RSA today announces the appointment of Martin Scicluna as its new Chairman.
Martin brings considerable financial services experience having spent over 30 years at Deloitte where he was Chairman from 1995 to 2007. He has also built up wide Board experience in his current roles as Chairman of Great Portland Estates Plc and Chairman of the Audit committee and a Non-Executive Director of Lloyd's Banking Group Plc.
He will join the Board on 1 January 2013 and succeeds John Napier who is stepping down after ten years with effect from 31 December 2012.
Edward Lea, Senior Independent Director, said:
"I am delighted that Martin is to be RSA's next Chairman. His considerable knowledge and understanding of the financial services sector and his board experience will be real assets to the Group. Martin will bring a fresh approach that will support our aims to deliver an excellent service to our customers and value for our shareholders.
"I would also like to take this opportunity to thank John for his contribution and commitment to the company over the last ten years. Alongside the management team he has been instrumental in transforming RSA into the thriving global business it is today. The Board would like to congratulate John on his tenure as Chairman and wish him well for the future."
Martin Scicluna said:
"It is a privilege to be appointed as Chairman of one of the world's largest international insurers. I look forward to joining the RSA team and working with my new colleagues on the Board."
There is no other information required to be disclosed in respect of his appointment under Listing Rule 9.6.13R.
For further information:
| Analysts | Press | ||
| Matt Hotson | Louise Shield | ||
| Tel: +44 (0) 207 111 7212 | Tel: +44 (0) 20 7111 7047 | ||
| Rupert Taylor-Rea | Bart Nash | ||
| Tel: +44 (0) 20 7111 7140 | Tel: +44 (0) 20 7111 7336 |
Notes to Editors:
About Martin Scicluna
| Great Portland Estates plc | Chairman since 2009 | ||
| Non Executive Director since 2008. | |||
| Lloyds Banking Group plc | Chairman, Audit Committee since 2009 | ||
| Non Executive Director since 2008. | |||
| Deloitte LLP | Chairman, 1995 - 2007 | ||
| Partner, 1982 - 2008 | |||
| Head of London Audit, 1990 - 1995 | |||
| Deloitte Touche Tomhatsu | Member Board of Directors, 1998 - 2007 |
Mr Scicluna is also Governor, Berkhamsted School.
About RSA
With a 300 year heritage, RSA is one of the world's leading multinational quoted insurance groups. RSA has major operations in the UK, Scandinavia, Canada, Ireland, Asia and the Middle East, Latin America and Central and Eastern Europe and has the capability to write business in around 140 countries. Focusing on general insurance, RSA has around 23,000 employees and, in 2011, its net written premiums were £8.1 billion.
Important Disclaimer
This press release may contain 'forward-looking statements' with respect to certain of the Group's plans and its current goals and expectations relating to its future financial condition, performance results, strategic initiatives and objectives. Generally, words such as "may", "could", "will", "expect", "intend", "estimate", "anticipate", "aim", "outlook", "believe", "plan", "seek", "continue" or similar expressions identify forward-looking statements. These forward-looking statements are not guarantees of future performance. By their nature, all forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to future events and circumstances which are beyond the Group's control, including amongst other things, UK domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing impact and other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation or regulations in the jurisdictions in which the Group and its affiliates operate. As a result, the Group's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group's forward-looking statements. Forward-looking statements in this press release are current only as of the date on which such statements are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in this press release shall be construed as a profit forecast.
Copyright Business Wire 2012
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