Dubai, United Arab Emirates, November 22, 2012: Leading global insurer RSA today announces the appointment of Martin Scicluna as its new Chairman. Martin brings considerable financial services experience having spent over 30 years at Deloitte where he was Chairman from 1995 to 2007. He has also built up wide Board experience in his current roles as Chairman of Great Portland Estates Plc and Chairman of the Audit committee and a Non-Executive Director of Lloyds Banking Group Plc. He will join the Board on1 January 2013 and succeeds John Napier who is stepping down after ten years with effect from 31 December 2012.
Edward Lea, Senior Independent Director, said: I am delighted that Martin is to be RSA’s next Chairman. His considerable knowledge and understanding of the financial services sector and his board experience will be real assets to the Group. Martin will bring a fresh approach that will support our aims to deliver an excellent service to our customers and value for our shareholders. “I would also like to take this opportunity to thank John for his contribution and commitment to the company over the last ten years. Alongside the management team he has been instrumental in transforming RSA into the thriving global business it is today. The Board would like to congratulate John on his tenure as Chairman and wish him well for the future."
Martin Scicluna said: "It is a privilege to be appointed as Chairman of one of the world’s largest international insurers. I look forward to joining the RSA team and working with my new colleagues on the Board."