RSA Insurance appoints Scott Egan as CFO
RSA Insurance announced the appointment of Scott Egan as an executive director and group chief financial officer of the company.
FTSE 100
8,115.36
12:50 26/04/24
FTSE 350
4,458.14
12:50 26/04/24
FTSE All-Share
4,411.62
12:50 26/04/24
Insurance (non-life)
3,607.76
12:49 26/04/24
RSA Insurance Group Limited
684.20p
16:54 28/05/21
Egan is expected to join during the fourth quarter of this year and a date will be announced once available, the company said.
Egan joined Towergate Insurance in April 2012 as chief financial officer and since February 2015, he has held the role of interim chief executive officer. Prior to that, he was group chief financial officer at Brit Insurance Holdings from January 2011 and spent four years at Zurich Financial Services as chief financial officer for the UK.
Egan has been appointed on an annual salary of £525,000 and will be eligible to participate in the company’s incentive plans and receive other customary employment benefits. Scott will also receive one-off awards to compensate for remuneration he will forfeit as a result of leaving his former employer, which will be disclosed once awarded.
RSA’s chief executive Stephen Hester 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."