RSA appoints Scott Egan as head of UK & international business

RSA Insurance said on Tuesday that chief financial officer Scott Egan will take on the role of chief executive of its UK & international division, as Steve Lewis steps down and leaves the business.

Egan, who has been CFO since October 2015, will assume the new role with immediate effect. He will report into group CEO Stephen Hester.

Recruitment of a new CFO for RSA is underway and an appointment is expected to be announced in the coming weeks.

Hester said: "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. 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.

"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."

At 1510 GMT, the shares were up 0.6% to 517.20p.