5th Feb 2019 14:07
For immediate release
5th February 2019
RSA INSURANCE GROUP PLC
Scott Egan to become Chief Executive Officer, RSA UK & International
RSA Insurance Group plc ("RSA") announces that Scott Egan, Chief Financial Officer of RSA since October 2015, will assume the role of Chief Executive of RSA's UK & International division with effect from 5th February 2019. He continues as a member of RSA's Board reporting to Group CEO, Stephen Hester. The appointment is subject to regulatory approval.
Recruitment of a new CFO for RSA is underway and an appointment is expected to be announced in the coming weeks.
Steve Lewis, currently Chief Executive of RSA's UK & International division, who joined RSA in January 2015, will step down from this role and leave RSA.
Commenting on the change, Stephen 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.
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."
Scott 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."
This notification is made in accordance with LR 9.6.11.
- ENDS-
For further information
Enquiries:
Charlotte Heiss, Group Company Secretary
Tel: +44 (0)20 7111 7000
Investor Relations:
Kerry McConnell, Investor Relations Director
Tel: +44 (0)20 7111 1891
Press:
Natalie Whitty, Communications Director
Tel +44 (0) 7584 342052
Website: www.rsagroup.com
LEI: 549300HOGQ7E0TY86138
Notes to Editors
1. RSA's 2018 Preliminary Results announcement will take place on 28 February 2019.
2. Scott Egan joined RSA as CFO in October, 2015. He previously has held senior roles at Zurich, Aviva, Brit Insurance and Towergate.
3. Rupert Taylor Rea, Group Financial Performance Director, and Jane Poole, Chief Financial Controller, will jointly report to Stephen Hester as interim Group CFOs pending the appointment of a new CFO.
About RSA Insurance Group plc
With a 300-year heritage, RSA is a multinational quoted insurance group. RSA operates three core business segments: Canada, Scandinavia and UK & International; and has the capability to write business in over 100 countries. RSA has around 12,600 employees with net written premiums of £6.7 billion in 2017.
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