It is the first time RSA has launched five practices as a single package
RSA has launched five industry practices within its Global Risk Solutions business, with rail as the focus of an initial engagement programme with brokers, customers and the wider industry.
This will be followed up with other practices over the course of 2019. The five include rail, chemical, food and beverage, real estate and renewables.
It is the first time RSA has launched these five practices as a single package.
Neil Strickland, customer experience director at Global Risk Solutions said: “RSA’s Global Risk Solutions is focused on industries where we see the opportunity for strong profitable growth, and today’s launch of focussed industry practices showcases the areas in which we feel confident we can grow, and continue to win business through our deep expertise in across underwriting, risk consulting and claims.”
The practices will be led by experts in each of their fields, who will be responsible for proposition development and marketing, managing key customers and associated broker relationships and for overall profitability and the growth of the practice.
Four of the appointments are internal: Steve Medhurst will become global rail industry practice leader, Peter Sweet will lead real estate, Colin McPhie will head up renewables and Mike Smith will run the chemical practice. Alan Midson, who has recently joined RSA as food and beverage practice leader from JLT, where he was a partner focusing on food and agriculture since 2013.
Combined with RSA Scandinavia’s rail offering, the firm claims it is one of the largest global rail underwriters insuring more than 65 clients in 19 countries – for a range of aspects from depot risks to rolling stock.
It is involved in three of the top five railway companies globally.
Strickland, added: “We are already market leading in several of the practices launched today – including rail and renewables – and are targeting a leadership position in those practices where our proposition is still developing.”
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