RSA Insurance has appointed Martin Rueegg as the new chief executive of the Middle East and United Arab Emirates (UAE).
Rueegg joins from AXA where he was general insurance managing director for Hong Kong. He replaces Lloyd East who moves to RSA’s Canadian operation, Johnson, as vice president of Strategic Operations and chief operating officer.
East succeeds Louisa Leonard, who left her post in May to become COO of RSA UK and International, while Rueegg takes the reins in UAE following the departure of former UAE CEO Chris Dooley.
In addition to his position as managing director for general insurance business for AXA in Hong Kong, Rueegg has also served as CEO of AXA Corporate Solutions, Hong Kong. Rueegg has been at AXA for almost 25 years, joining AXA Winterthur in 1994 where he held various roles including CEO of Aviation Insurance. Rueegg will take up his new post in September.
East joined RSA in May 2009 as group director of Marketing Effectiveness before taking up the role of CEO of RSA’s Oman business Al Ahlia in 2011. He became CEO for the Middle East and Oman in 2014. Prior to joining RSA, East held senior roles at Principle Insurance Holdings and the AA Insurance.
As part of the changes, Praveen Kumar, chief financial officer for Middle East, succeeds East as CEO in Oman. Elena Stukanova, CFO of UAE and Bahrain steps up to become Middle East CFO and Miron Kibria, Risk & Compliance Director for the Middle East succeeds Kumar as CFO for Oman.
Scott Egan, CEO, RSA UK and International, said: “We are delighted to welcome Martin to his new role at what is an exciting time for our Middle East business. Martin has all the skills necessary ensure that our operations in the Middle East go from strength to strength. I’d also like to thank Lloyd for his contribution to the UK&I region, and wish him all the best in his new role at Johnson, where I am certain he will add great value to our Canadian colleagues.”
“RSA’s Middle East business is one of the best performers within the RSA Group, and I can’t wait to take the helm. It is an exciting new chapter for the RSA in the region as we look to build on the strong foundations Lloyd has created for the business in the Middle East,” said Rueegg.
Source: RSA Insurance
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