RSA hires Towergate interim CEO

Insurer RSA has appointed Scott Egan as an executive director and group chief financial officer (CFO) of the company.

Egan, who is expected to join RSA in the fourth quarter, currently serves as interim chief executive officer (CEO) of Towergate.

He joined Towergate in 2012 as CFO and since February 2015, he has held the role of interim CEO. Prior to joining Towergate, he served as group chief financial officer at Brit Insurance.

Stephen Hester, group chief executive of RSA, said:“I am delighted to welcome Scott to RSA. He is an outstanding professional who will strengthen our team and bring excellent skills and in-depth knowledge and experience of the insurance industry. Scott’s appointment is another positive step in building a strong and valuable RSA."

Egan added: “I am incredibly excited to be joining RSA and I am looking forward to working with Stephenand his team as well as the Board in cementing a bright future for the company.”

John Tiner, chairman of Towergate, said: “I would like to thank Scott for his significant contribution to Towergate and the leading role he played in securing the group's successful restructuring and recapitalisation.

“We wish Scott all the best in the next phase of his career. Towergate is now a stronger, refocused business with a more confident outlook and a depth of talent throughout the company. These attributes are key in serving our clients and position the company for success in the future.”