RSA Canada announces that Rowan Saunders, its President & CEO since 2003, will be leaving the business to take up a new position as President & CEO of Economical Insurance. This is a fantastic opportunity for Rowan to lead the company through demutualization and subsequent life as a public company.
Rowan will be replaced by Martin Thompson, currently SVP Commercial Insurance & Global Specialty Lines, who will become President and Acting CEO of RSA Canada effective today. In these capacities Martin will join the Board of RSA Canada and the Executive Committee of RSA Group reporting to its CEO Stephen Hester.
Commenting on the moves:
Stephen Hester, RSA Group CEO says,
"Rowan has been an outstanding leader for RSA, serving the firm in Canada for 29 years, 13 as CEO. He leaves with our sincere thanks and good wishes. I am delighted that in Martin we have fine succession. He is well known across RSA to our staff and our key brokers having worked in all of our major regions. With his colleagues on our Canadian Executive team we are in good shape to continue to build the strong and successful business we have in Canada."
George Anderson, Chairman of RSA Canada says,
"The Board of RSA Canada join me in thanking Rowan for his outstanding service and wishing him well for the future. In Martin Thompson we have a [strong] new leader and good continuity to press ahead on the path already laid out."
Rowan Saunders says,
"I am proud to have worked at RSA and with my team built a market leading Canadian insurer with an excellent track record. I leave the business with high confidence in its future and I am excited to take up my new role at Economical which is truly a unique opportunity. I wish Martin, my colleagues and RSA continued success.”
Martin Thompson says,
“I’m proud to have the opportunity to lead the business and do so with the intent to continue to improve RSA and what it offers to our brokers. Most importantly I want RSA to be a partner who helps brokers deliver for your customers and grow. We have a series of investments underway to improve the service we provide, to sharpen our pricing and products, and to improve our technology offering to support your interactions with us. We’ve made strong progress on our journey and there is more to come.”