Legal & General managing director, John Castagno is rumoured to be unveiled as the new chief operating officer (CEO) of loss adjuster GAB Robins.

It is understood that a leaked memo has named him as former GAB CEO, Clive Nicholls', replacement.

Castagno resigned from his position at the insurer fuelling rumours that he is set to join GAB.

It has been reported that Castagno has resigned. A new replacement is to be announced over the next few days.