TORONTO, 27 July 2016 /CNW/ - RSA Canada announces that Rowan Saunders, its President & CEO since 2003, will be leaving the business to take up a new position as President & CEO of Economical Insurance. This is a great opportunity for Rowan to lead the company through its demutualisation and subsequent life as a public company.
Rowan will be replaced by Martin Thompson, currently SVP Commercial Insurance & Global Specialty Lines, who will become President and Acting CEO of RSA Canada effective today. In these capacities Martin will join the Board of RSA Canada and the Executive Committee of RSA Group reporting to its CEO Stephen Hester.
Commenting on the moves;
Stephen Hester, RSA Group CEO says,
"Rowan has been an outstanding leader for RSA, serving the firm in Canada for 29 years, 13 as CEO. He leaves with our sincere thanks and good wishes. I am delighted that in Martin we have fine succession. He is well known across RSA to our staff and our key brokers having worked in all of our major regions. With his colleagues on our Canadian Executive team we are in good shape to continue to build the strong and successful business we have in Canada."
George Anderson, Chairman of RSA Canada says,
"The Board of RSA Canada join me in thanking Rowan for his outstanding service and wishing him well for the future. In Martin Thompson we have a strong new leader and good continuity to press ahead on the path already laid out."
Rowan Saunders says,
"I am proud to have worked at RSA and with my team built a market leading Canadian insurer with an excellent track record. I leave the business with high confidence in its future and I am excited to take up my new role at Economical which is truly a unique opportunity. I wish Martin, my colleagues and RSA continued success."
With a 300 year heritage, RSA is a multinational quoted insurance group. Focusing on general insurance, RSA's core markets are the UK & Ireland, Scandinavia and Canada, with the capability to write insurance business across the globe. RSA's core businesses have around 13,500 employees with net written premiums of £5.7bn in 2015.
About RSA Canada:
RSA Canada is one of the oldest insurance companies in the country with roots dating back to 1833. The RSA Canada group of companies includes Roins Financial Services Limited, Royal & Sun Alliance Insurance Company of Canada, Quebec Assurance Company, Johnson Inc., Unifund Assurance Company, Western Assurance Company, Ascentus Insurance Ltd., Canadian Northern Shield Insurance Company and RSA Travel Insurance Inc. (collectively, "RSA Canada") and is part of RSA Insurance Group Plc.
Johnson Inc. is a proud member of the RSA Canada Group. The company is headquartered in St. John's and employs more than 1400 people across the country. For more information, visit: www.johnson.ca.
Bio on Martin Thompson:
Martin was appointed to Senior Vice President, Commercial Insurance and Global Specialty Lines in February 2015. He joined RSA Canada as Senior Vice President, Global Specialty Lines in September, 2013 from RSA's Scandinavian operations where he held the position of Director, Underwriting and Risk. Martin joined the Group in 1997, and has held progressive senior roles within the business including Director of Commercial Insurance in the Canadian business from 2008 to 2010, and Underwriter Director, Packages in the UK business. Martin is an Associate of the Chartered Insurance Institute in the UK and a graduate of the University of Glasgow.
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