UK chief’s wife offloads RSA stock worth £884k
Outgoing RSA UK and Western Europe chief executive Adrian Brown has reduced his stake in the insurer ahead of his departure to broking group Arthur J Gallagher.
Brown’s wife Sara sold 180,000 RSA shares on 20 May for £4.91 a share, giving proceeds of £884,381.
RSA revealed in April that Brown was heading to Gallagher to become executive chairman of underwriting and distribution.
A firm date for Brown’s departure from RSA has not yet been set, although RSA has said it expects to announce a replacement by August. Brown will continue in his role until a successor is appointed.
His departure will end a 25-year stint at the insurer.