RSA mergers UK and international commercial insurance operations; global risk solutions MD departs
RSA UK & International has merged its commercial risk solutions (CRS) and global risk solutions (GRS) businesses to create a single business unit focused on commercial lines.
Rob Gibbs, currently managing director of CRS, will take up the role of MD, RSA commercial lines with immediate effect.
Tony Buckle, currently MD of GRS, will leave RSA after a handover period.
RSA’s UK & International commercial division currently operates as two separate businesses, CRS focusing on UK domestic risks and delegated market authorities and GRS handling multinational corporate clients, specialty business written via the London Market and RSA’s European branches.
According to the company, the merger will create a unified division with oversight of all commercial risks written through the broker market or delegated authorities, simplifying processes for customers and brokers and reducing duplication.
The announcement comes after RSA significantly reduced its London Market and specialty risk portfolios.
Scott Egan, chief executive of RSA UK and International, said: “We’ve made a number of changes to our UK business over the past 12 months. The creation of single commercial lines business reflects our intent to be a more customer focused, simpler organisation.”
“Rob is an experienced leader with a fantastic track record of delivery and a deep understanding of the commercial insurance market. I’m delighted he will be taking on this role. Sincere thanks are due to Tony for the hard work he has put into both serving our customers and brokers and reshaping the GRS business since he joined us in 2018.”
Gibbs added: “RSA’s commercial insurance offer is well respected in the market for its customer focus and expertise. I am looking forward to building on those strong foundations to deliver even better customer and shareholder value.”
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