RSA UK&I (“RSA”) has launched five industry practices within its Global Risk Solutions business. The practices – Rail, Chemical, Food and Beverage, Real Estate and Renewables – cover areas where RSA already has strong expertise and a broad risk appetite.
The practices will be led by experts in each of their fields, who, working in conjunction with P&L Leaders, will be responsible for proposition development and marketing, managing key customer and associated broker relationships, and for overall profitability and 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 lead Renewables and Mike Smith will head up the Chemical practice. Alan Midson has recently joined RSA as Food and Beverage Practice Leader from JLT where he was a Partner focusing on Food and Agriculture since 2013.
Commenting on the launch of RSA’s Industry Practices, Neil Strickland, Customer Experience Director, 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.
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.”
Of the five practices, Rail will be the focus of an initial engagement programme with brokers, customers and the wider industry, which will be followed by the other practices throughout 2019. When combined with RSA Scandinavia’s rail offering, RSA is one of the largest global Rail underwriters, participating in cover for more than 65 clients in 19 countries. From depot risks to rolling stock, RSA covers all aspects of the rail industry. We are involved in 3 of the top 5 railway companies in the world.
For more information on plans for our Rail Practice, you can read a blog from Steve Medhurst on LinkedIn here.