RSA
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Intact and RSA will pay a £520mn cash consideration for the brokered commercial lines operation. -
The carrier has received approval from the UK Financial Conduct Authority for the £550mn sale.
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The Manchester-based role will see Houghton managing the firm's financial risks portfolio.
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The executive has worked at RSA for the past 19 years in actuarial and finance roles.
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The carrier said a post-Covid rebound in travel was creating opportunities in the A&H sector.
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The news comes after it emerged last week that RSA was launching into the superyacht class of business.
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The underwriter moves to NorthStandard following the recent merger of North and Standard Club.
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Adeyemo is stepping into the role soon to be vacated by current UK construction lead, Trevor Chainey, who is retiring after a 45-year career.
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Chubb has experienced high turnover within its marine team in the past year.
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The move is designed to improve the strength and sustainability of the UK and international business.
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The carrier aims to achieve an energy underwriting portfolio that is 75% low-carbon in seven years’ time.
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Neil Cryer joins from CNA, where he spent nearly seven years as head of property D&F.
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