RSA Luxembourg S.A. (RSAL) has announced that Lynn O’Leary, following a successful two-year stint as Chief Executive Officer (CEO) Luxembourg, will return to the US to oversee Intact’s Specialty Lines business as President, US, in the first quarter of 2025.
Nadia Cote will succeed O’Leary as CEO of Europe, pending regulatory approvals, and will also assume responsible for the Specialty Lines UK business.
Cote has spent more than 25 years in the insurance industry, with a focus on commercial and specialty lines. She has held senior leadership positions in France, the UK, and across Continental Europe, after beginning her career in Canada.
T. Michael Miller, CEO, Global Specialty Lines, Intact, commented, “Lynn led the transformation of our Europe business to be a focused specialty lines market.
“In that time, Lynn and the team renewed key trading relationships and delivered new specialty verticals to brokers and customers, centered around the expertise of our local teams. I would like to thank Lynn for her leadership and look forward to her continued contribution to our global specialty lines objectives in the U.S.”
He continued, “We welcome Nadia to Intact and our Global Specialty Lines group. Nadia is a well-known industry leader, and we are pleased to have her lead our Europe and UK Specialty Lines groups.
“She brings established and long-standing relationships with key trading partners whereby we can create regional and global opportunities for customers and continued growth. She will lead our teams and continue to expand our solutions and capabilities, highlight our expertise in underwriting, risk control and claims, while outperforming on profitability in the UK and Europe.” Miller concluded.
Louis Marcotte, who recently announced he will step down as Chief Financial Officer for Intact Financial Corporation and become IFC Vice Chair, will serve as Interim CEO of Europe for a short period to assist with the leadership transition.
Miller added, “Our European and UK specialty lines businesses are strong – the expertise of our underwriting, risk control and claims teams, the breadth of products and multinational capabilities, and our financial performance. I am confident that Nadia and the team will continue building on our strong broker and customer partnerships.”
