Royal & SunAlliance USA appointed John Tighe as president and CEO, effective immediately.
He succeeds Steve Mulready, who will now focus on finalizing the renewal rights sale of the majority of the company’s businesses to Travelers Property Casualty.
In his new position, Tighe will be responsible for managing the overall operations of Royal & SunAlliance USA, including those businesses remaining with the company following the Travelers transaction.
Prior to his current position, Tighe served as Royal & SunAlliance USA chief risk officer. Previously, he was president and chief operating officer of the Custom Risk Division, with a focus on the company’s larger commercial clients. A 20-year veteran of Royal & SunAlliance, he has served in a wide range of senior management positions, including more than five years as a member of the company’s leadership team.
Mulready joined Royal & SunAlliance as part of the company’s acquisition of Orion Specialty Insurance Group in 1999. He will leave the company in December, following completion of his current responsibilities.
Earlier this month, Royal & SunAlliance announced a definitive agreement to sell the renewal rights for most of its U.S. businesses to Travelers.
The company is considering a range of options with respect to its remaining businesses, including further renewal rights transactions and disposals.
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