(Adds details, context)
LONDON, April 16 The head of British insurer
RSA's UK and Western Europe business has resigned ahead
of a strategic shakeup, the group's second top-level management
change in two days.
RSA on Wednesday said Adrian Brown, who has worked at the
group for 25 years, has resigned from the board but will stay in
his executive role until a successor is appointed.
The announcement came a day after the group promoted its
head of emerging markets to the newly created role of chief
operating officer with a remit to oversee sales of non-core
businesses as the group bolsters its balance sheet.
RSA is in the middle of a group-wide turnaround after a
troubled 2013 marked by accounting irregularities at one of its
divisions and high levels of claims driven by extreme weather in
The company's difficulties culminated in several profit
warnings in 2013 and the departure of a number of senior
figures, including chief executive Simon Lee who was replaced
this year by former Royal Bank of Scotland boss Stephen
"We have an ambitious business plan which now needs to be
driven over a time horizon that Adrian could not reasonably
commit to," Hester said on Wednesday.
Brown will take up a new role as Executive Chairman of
Underwriting and Distribution at AJ Gallagher, RSA said.
(Reporting by Chris Vellacott; Editing by Erica Billingham)