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.

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