Intact replaces RSA Luxembourg CEO amid plans to grow business to $10bn
Intact Financial Corporation and its subsidiary RSA Insurance Group have appointed a new chief executive officer (CEO) of RSA Luxembourg to oversee its ambitious growth strategy in Europe where it looks to expand existing lines of business while identifying potential new segments that align with its expertise.
Lynn O’Leary will replace Rachel Conran as new CEO for RSA Luxembourg. Conran, who has been in this role since 2019, will leave the organisation to pursue other opportunities outside the company.
O’Leary’s appointment will come into effect later this fall, following a transition period and receipt of regulatory approvals.
O’Leary was most recently chief operations officer, global specialty lines for Intact and has been with the organisation for over 10 years. The company said she has a deep understanding of the business operations and performance and has been key to setting the strategy, priorities, and action plan for the Global Specialty Lines group.
The company has set an ambitious growth strategy for Global Specialty Lines at Intact – to grow the business to $10 billion DPW (direct premiums written) by 2030 at a sustained, sub-90s combined ratio. Europe is a central element of that plan where it seeks to capitalise on the opportunities by leveraging the specialty lines expertise and existing distribution relationships.
T. Michael Miller, chief executive officer, Global Specialty Lines, said: “I am pleased to share that Lynn O’Leary will step into the role of CEO overseeing our Europe business. 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. 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.”
Miller added: “I would like to thank Rachel Conran for her dedicated service to RSA and Intact. During her tenure, she helped to strengthen the overall performance of the business, build relationships with our broker partners and customers, and supported the transition of RSA Luxembourg to Intact and Global Specialty Lines. She leaves with our thanks and very best wishes as she pursues the next challenge in her career.”
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