Reinsurance News

RSA appoints Scott Egan as CEO for UK & International

6th February 2019 - Author: Matt Sheehan

Multinational insurance group RSA has announced the appointment of Scott Egan as Chief Executive Officer (CEO) of its UK & International division, effective 5 February 2019.

scott-eganHe replaces outgoing CEO Steve Lewis, who will step down from this role and leave RSA, the company explained.

Egan has served as Chief Financial Officer at RSA since October 2015, and has previously held senior roles at Zurich, Aviva, Brit Insurance and Towergate.

In his new role, Egan will continue as a member of RSA’s Board reporting to Group CEO Stephen Hester, who commented: “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.”

“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,” Hester added.

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“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.”

Egan also commented: “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.”

RSA said that the recruitment process for a new CFO is now underway and an appointment can be expected within the coming weeks.

In the meantime, Rupert Taylor Rea, Group Financial Performance Director, and Jane Poole, Chief Financial Controller, will jointly report to Hester as interim Group CFOs.

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