RSA merges CRS and GRS to create unified commercial division
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, takes 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.
The merger creates 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.
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.”
Rob 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.”
The merger of the commercial division comes after RSA significantly reduced its London Market and specialty risk portfolios. Gibbs’ appointment is subject to regulatory approval.
With a 300-year heritage, RSA is one of the world’s leading multinational insurance groups. Today, RSA employ around 23,000 people, serving 17 million customers in around 140 countries. While RSA's origins lie in London, RSA is a global company with businesses in both mature and emerging markets. RSA have major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. youTalk-insurance sharing insurance news and video.
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