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RSA’s London Market and European specialty teams join forces with Intact

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RSA’s London Market and European specialty lines teams are to set to join forces with Intact’s global specialty team, following Intact’s acquisition of RSA’s UK & International business (UK&I) in June.

Steve Watson, leader of RSA’s London Market business, will join the UK&I executive team as managing director of UK specialty.

He will report jointly into 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 Egan and Intact’s global specialty lines CEO, Mike Miller.

RSA’s UK commercial lines business will be led by Lee Mooney as part of RSA’s UK&I executive team, while commercial lines managing director Rob Gibbs – who oversees RSA’s specialty and UK domestic offers – has decided to leave the business after 23 years.

The company said teams from both organisations would now develop an “integrated global proposition” for brokers and customers.

The RSA break-up deal, finalised in June, involved Tryg paying £4.2bn ($5.6bn) cash and Intact £3bn.

Intact retained RSA’s Canadian, UK and international operations, while Tryg took ownership of RSA’s Swedish and Norwegian business.

Watson said: “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.”

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