Specialty treaty

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.

The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year.

The deal combines the two major mobile telematics companies, which will now cover 21 of the 25 top US auto insurers.

Corant president Andy Wallin will run the broking segment, while Corant CEO Steve Hearn will lead a unit the includes reinsurance.

Continued rate momentum and retention drives growth in the carrier’s global specialty business.