Intact and RSA Luxembourg S.A. appoint new CEO for RSA Luxembourg
Intact Financial Corporation (TSX:IFC) (Intact) and RSA Luxembourg S.A. (RSAL) announced today that Lynn O’Leary has been appointed to the role of CEO, RSA Luxembourg which comes into effect later this fall, following a transition period and receipt of regulatory approvals. Lynn succeeds Rachel Conran who has been in this role since 2019.
Lynn O’Leary was most recently Chief Operations Officer, Global Specialty Lines for Intact and has been with the organisation for over 10 years. She has a deep understanding of the business operations and performance and has been key to setting the strategy, priorities, and action plan for the Global Specialty Lines group.
T. Michael Miller, Chief Executive Officer, Global Specialty Lines, provided the following comments on these changes:
“I am pleased to share that Lynn O’Leary will step into the role of CEO overseeing our Europe business. Lynn is an exemplary leader and as CEO, RSA Luxembourg, she will ensure that our Europe business continues to grow, we remain focused on our priorities and deliver on service excellence to our broker partners and customers. With Lynn’s leadership, I am confident in the engagement and commitment of the team to grow our existing lines of business, identify potential new segments that align with our expertise and capabilities and help our customers and brokers access broader expertise, additional products, and improved risk consulting capability.”
“I would like to thank Rachel Conran for her dedicated service to RSA and Intact. During her tenure, she helped to strengthen the overall performance of the business, build relationships with our broker partners and customers, and supported the transition of RSA Luxembourg to Intact and Global Specialty Lines. She leaves with our thanks and very best wishes as she pursues the next challenge in her career.”
“Paul Dilley recently joined Intact’s Global Specialty Lines as Global Director, reporting directly to me. Paul is focused on creating strong alignment across our specialty lines teams in the UK and Europe, collaborating seamlessly with our RSA UK and Ireland colleagues so we in turn strengthen our proposition for brokers and customers in these regions. The following leaders and their teams will report to Paul directly - Steve Watson, Managing Director, UK Specialty, Lynn O’Leary, CEO, RSA Luxembourg, and Barbara O’Reilly, Director, Global Network. Lynn and Steve will have a dual reporting line to Ken Norgrove, CEO UK&I.”
“We have set an ambitious growth strategy for Global Specialty Lines at Intact – to grow the business to $10B DPW by 2030 at a sustained, sub-90s combined ratio. Europe is a central element of that path and as such, a key part of our strategy is to capitalise on the opportunities in Europe by leveraging the outstanding specialty lines expertise and existing distribution relationships we have locally. The results of the RSA Luxembourg business are strong. Lynn and the team are engaged and eager to continue working alongside our broker partners and customers.”
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