RSA seeks new CFO; UK and International CEO Steve Lewis steps down

RSA Insurance Group has promoted its chief financial officer Scott Egan to become the new chief executive (CEO) of UK and International division, replacing Steve Lewis.

Lewis, currently chief executive of RSA’s UK and International division, who joined RSA in January 2015, will step down from this role and leave RSA.

Rupert Taylor Rea, group financial performance director, and Jane Poole, chief financial controller, will jointly report to Stephen Hester as interim group CFOs pending the appointment of a new CFO.

Egan joined RSA as CFO in October, 2015. He previously held senior roles at Zurich, Aviva, Brit Insurance and Towergate.

The announcement comes three months after RSA restructured its London market business following a strategic review of all of its portfolios and exited three lines of business.

“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," said Hester. "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,” Hester added.

Egan commented: “I’m delighted to be taking on this role. The UK&I region has undergone substantial transformation in recent years. Many of the fundamentals are in place and I look forward to working alongside my UK&I colleagues to ensure the region maximises its contribution to RSA’s ongoing success.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Munich Re results stable despite volatile capital markets and high losses 

How to implement game-changing AI and automation 

Sompo International adds new executive director to board

Generali Global Assistance buys Trip Mate from Gallagher

Download our whitepaper: 'Why Automation & AI Matters For Commercial Lines'