The UK and international (UK&I) business of RSA Insurance Group Plc has made further senior appointments ahead of it becoming a wholly owned subsidiary of Toronto-based property & casualty insurance giant Intact Financial Corporation.
Appointed as chair effective upon takeover completion is Mark Hodges, whose credentials include time spent as chief executive of Aviva UK and British Gas.
“I am delighted to be leading the board of RSA UK&I as we embark on a new and exciting chapter for the business,” commented the incoming chair. “The acquisition by Intact will give the business an opportunity to continue to build on its strong market position.
“I’m looking forward to working closely with Scott [Egan], the UK&I Executive, and the wider Intact team to take the business to further success.”
RSA Insurance Group chair Martin Scicluna, meanwhile, is stepping down from the Plc board when the deal is finalised, most likely in the second quarter.
Read more: Scott Egan to keep RSA job post-takeover
Additionally, it was announced that group chief financial officer Charlotte Jones will become UK&I CFO after supporting integration activities during the transition period.
Jones noted: “The next 12 months will be a critical period for RSA and Intact as we move through completion of the deal to ensure that the newly combined businesses are set up for success in the future. Having worked intensively on the transaction, I’m eager not just to see it through but help make sure RSA’s UK&I business is in the best possible position to seize the opportunities it brings.”
Aside from the UK&I operations, Intact will also own RSA’s Canadian unit, as well as 50% of the insurer’s Danish business. The latter will be co-owned by Tryg A/S, which is retaining RSA’s operations in Sweden and Norway.
“I’m delighted Mark is joining RSA for the next stage of our journey,” said UK&I chief executive Scott Egan. “We will benefit greatly from his expertise, insight, and passion as we continue to strengthen and improve our businesses in the UK and internationally.
“Charlotte will provide important continuity and leadership for the business and team over the coming year, and I’m pleased we’ll be continuing to work closely.”
