RSA
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The transfer to Luxembourg includes mainland European commercial policies written in London.
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Jones replaces Gareth Hilton.
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The market is also suffering from a concentration in some lines that are severely under-priced.
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RSA will reduce its international marine book as well as exiting international construction, freight and fixed-price marine protection and indemnity insurance. -
Hiscox's share-price slide brought into focus the bereft feeling of below-forecast top-line growth.
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Lee Mooney previously led the commercial risk solutions business for the northern UK region.
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CEO Stephen Hester describes the UK and London business as the group’s ‘primary headache’.
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The executive is a former Zurich chief underwriting officer.
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The executive, who replaces Munich Re's Dieter Berg, heads the UK carrier's new Luxembourg subsidiary.
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Richard Turner will run the carrier’s EEA subsidiary.
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The UK-based insurer now sources 9 percent of its £300mn aggregate reinsurance from the collateralised market.
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The carrier’s Canadian operations were the hardest hit by weather events.
