Business

RSA UK and Intact to combine speciality teams

RSA’s current Commercial Lines MD, Rob Gibbs, who currently oversees RSA’s Specialty and UK domestic offers, has decided to leave the business after 23 years

RSA has announced that its London Market and European specialty lines teams will join forces with Intact’s global specialty team with a goal to strengthen both brands’ customer offer and standing in the international market.

Following Intact’s acquisition of RSA’s UK and International business (UK&I) in June this year, the firm said teams from both organisations will develop an integrated global proposition for brokers and customers with more complex international risks.

Steve Watson, leader of RSA’s London Market business, will join the UK&I executive team as MD of UK Specialty, reporting jointly to RSA UK&I’s CEO, Scott Egan, and Intact’s Global Specialty Lines Executive VP Darren Godfrey.

RSA’s European business will continue to be led by RSA Luxembourg CEO Rachel Conran, who will jointly report into Scott and Intact’s Global Specialty Lines CEO, Mike Miller.

It said this “closely aligns” RSA’s specialty lines businesses with Intact’s global specialty division to capitalise on the shared expertise, data and product offering of the two businesses.

The firms added RSA’s UK commercial lines business, which provides domestic regional, delegated and SME insurance, remains a “substantial presence” in the UK market and is a “key strategic priority” and will be led by Lee Mooney as part of RSA’s UK&I Executive Team*.

The pair also revealed RSA’s current Commercial Lines MD, Rob Gibbs, who currently oversees RSA’s Specialty and UK domestic offers, has decided to leave the business after 23 years.

RSA UK&I CEO Scott Egan said: “This strategic change will make the most of the combined power of two already strong businesses and make a whole which is greater than the sum of its parts.

“We’ve worked hard over the last three years to restore the performance of RSA’s London Market proposition, with strong broker feedback about the improvements we’ve made, and this will be complemented by the scale of Intact’s North America Specialty business.”

He added: “We have ambitious plans for our domestic commercial lines regional, delegated and SME offerings where we have a strong foundation and long heritage to build upon.

“I’m delighted that Steve and Lee will be taking on these new roles to lead these businesses. Importantly, at this point of change, I want also to recognise and thank Rob for his outstanding commitment and long service to RSA as a fantastic and valued colleague.”

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