Intact Financial Corporation and RSA Luxembourg S.A. have announced the appointment of a new Chief Executive Officer, RSA Luxembourg. Lynn O’Leary will take over the role following a transition period and receipt of regulatory approvals, and will be succeeding Rachel Conran who held the position since 2019.
During Conran’s time as CEO, she helped to strengthen the overall performance of the business, build relationships with broker partners and customers, and supported the transition of RSA Luxembourg to Intact and Global Specialty Lines.
As the new CEO, O’Leary will aim to ensure that the company’s Europe business continues to grow, and deliver service excellence to RSA Luxembourg’s broker partners and customers.
She was most recently Chief Operations Officer, Global Specialty Lines for Intact and has been with the organisation for over 10 years. According to the announcement, O’Leary’s 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, commented: “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.”
Additionally, Paul Dilley has recently joined Intact’s Global Specialty Lines as Global Director, reporting directly to Miller.
In his new role, Dilley focuses on creating strong alignment across the company’s specialty lines teams in the UK and Europe, and will be collaborating with the RSA UK and Ireland teams to help strengthen Global Specialty Lines’ proposition for brokers and customers in these regions.
Steve Watson, Managing Director, UK Specialty, Lynn O’Leary, CEO, RSA Luxembourg, and Barbara O’Reilly, Director, Global Network will report to Dilley. Lynn and Watson, Miller noted, will have a dual reporting line to Ken Norgrove, CEO UK&I.
Miller added: “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.”