RSA Appoints Towergate’s Egan as Executive Director and Group CFO

July 7, 2015

RSA Insurance Group plc (RSA) announced the appointment of Scott Egan as an executive director and group chief financial officer of the company.

He is expected to join the company during the fourth quarter of this year. He replaces Richard Houghton, who stepped down as group CFO and from the board on May 7, 2015. He will leave the group later in the year, “once a successor has been recruited and an orderly handover undertaken,” RSA said in a statement in February.

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 joining Towergate, Egan was group chief financial officer at Brit Insurance Holdings from January 2011. Before this, he spent four years at Zurich Financial Services as chief financial officer UK, and latterly as group financial controller.

Between 1995 and July 2007, Egan held various senior finance roles at Norwich Union Insurance, and subsequently Aviva. During this time his responsibilities included Deputy Finance Director and Director of Partnerships. He is a qualified accountant (ACMA) and has an MBA from Cranfield University.

Stephen Hester, group chief executive, 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 said: “I am incredibly excited to be joining RSA, and I am looking forward to working with Stephen and his team as well as the board in cementing a bright future for the company.”

The Prudential Regulation Authority, with consent from the Financial Conduct Authority, has approved the appointment of Egan. He has been appointed on an annual salary of £525,000 ($801,128).

Source: RSA


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