RSA has announced further senior appointments to its future structure following the completion of Intact Financial Corporation’s proposed takeover.
It revealed that Mark Hodges, former CEO of Aviva UK and British Gas, will take up the position of chair following the completion of Intact Financial Corporation’s proposed takeover.
RSA added that the new board will oversee RSA’s UK and International (UK&I) operations. The proposed takeover is currently expected to complete in Q2 2021, subject to outstanding regulatory approvals being obtained.
It also confirmed that further non-executive appointments will be announced in due course.
Hodges said: “I am delighted to be leading the board of RSA UK&I as we embark on a new and exciting chapter for the business. The acquisition by Intact will give the business an opportunity to continue to build on its strong market position.
“I’m looking forward to working closely with Scott, the UK&I Executive and the wider Intact team to take the business to further success.”
Jones added: “The next twelve months will be a critical period for RSA and Intact as we move through completion of the deal to ensure that the newly combined businesses are set up for success in the future.