RSA makes leadership change for European business

Succession effective later this autumn

RSA makes leadership change for European business

Insurance News

By Terry Gangcuangco

Effective later this autumn, Lynn O’Leary (pictured) is succeeding Rachel Conran as chief executive of RSA Luxembourg.

“I am pleased to share that Lynn O’Leary will step into the role of CEO overseeing our Europe business,” said T. Michael Miller, chief executive for global specialty lines at Intact Insurance Specialty Solutions. “Lynn is an exemplary leader and, as CEO, RSA Luxembourg, she will ensure that our Europe business continues to grow, we remain focused on our priorities, and deliver on service excellence to our broker partners and customers.”

Intact Insurance Specialty Solutions is the marketing brand for the insurance businesses of Intact Insurance Group USA LLC, which is a subsidiary of Intact Financial Corporation. The latter owns RSA’s Canadian and UK & international (UK&I) operations.

While thanking Conran for her dedicated service and offering best wishes, Miller added: “With Lynn’s leadership, I am confident in the engagement and commitment of the team to grow our existing lines of business, identify potential new segments that align with our expertise and capabilities, and help our customers and brokers access broader expertise, additional products, and improved risk consulting capability.”

Working at Intact for more than a decade now, O’Leary most recently served as global specialty lines chief operations officer. Prior to joining Intact as associate general counsel in 2012, she was senior counsel in the claims and legal departments at Travelers.

O’Leary will report directly to Paul Dilley, global director for Intact’s global specialty lines, while having a dual reporting line to RSA UK&I CEO Ken Norgrove.

“We have set an ambitious growth strategy for global specialty lines at Intact – to grow the business to US$10 billion DPW (direct premiums written) by 2030 at a sustained, sub-90s combined ratio,” noted Miller.

“Europe is a central element of that path and, as such, a key part of our strategy is to capitalise on the opportunities in Europe by leveraging the outstanding specialty lines expertise and existing distribution relationships we have locally.”

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