Reinsurance News

RSA and Intact integrate specialty teams

15th November 2021 - Author: Katie Baker

RSA’s London Market and European specialty lines teams will integrate with Intact’s global specialty team in order to strengthen both brands’ customer offering and standing in the international market.

RSAFollowing Intact’s acquisition of RSA’s UK & International business earlier this year, teams from both firms 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 Managing Director of UK Specialty, reporting jointly into RSA UK&I’s Chief Executive Officer (CEO), Scott Egan, and Intact’s Global Specialty Lines Executive Vice President, Darren Godfrey.

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

The company says that these changes align its specialty lines businesses with Intact’s global specialty division to capitalise on the shared expertise, data, and product offering of the two businesses.

Gallagher Re

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

The company’s UK commercial lines business will be led by Lee Mooney as part of RSA’s UK&I Executive Team. This part of the business provides domestic regional, delegated and SME insurance.

RSA UK&I CEO, Scott Egan, commented: “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.

“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.”

Watson commented: “Bolstering RSA’s UK Specialty capability and presence with Intact’s global presence and expertise makes for a compelling international platform which can drive an ambitious growth agenda.

“The RSA and Intact brands will continue to operate in their existing markets, but joining forces behind the scenes will help brokers and customers access broader expertise, additional products, and improved risk consulting capability. On top of this, our combined data and insight will better facilitate sustainable underwriting and competitive pricing.”

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