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LONDONRoyal & SunAlliance Insurance Group P.L.C. has restructured its operations into three main operating units.
The London-based property/casualty insurer has said the reorganization, which will take effect immediately, will enable RSA to pursue its strategic goals.
The three main operating units will focus on the United Kingdom, international and emerging markets.
Andy Haste, chief executive at RSA, said in a statement: "The new structure reflects our strategic focus and gives us a stronger platform to pursue our objective of profitable growth."
Bridget McIntyre will remain CEO of RSA's U.K. operations. Simon Lee will remain CEO of the international unit, and he will be appointed to RSA's board as an executive director as of Jan. 1, 2007. As part of the restructuring, the international unit will now include RSA's operations in Scandinavia, as well as Canada, Ireland and Italy.
Paul Whittaker will become CEO of the emerging markets, which will comprise RSA's operations in Latin America, Asia, Middle East and the Baltic states. Previously, Mr. Whittaker was RSA's group human resources director.
Last month, RSA announced the sale of its operations in the United States to Arrowpoint Capital, a vehicle set up by RSA's U.S. management team, for a deferred consideration of £158 million ($296.8 million). The company also announced its voluntary delisting from the New York Stock Exchange.
In 2003 RSA had announced that its U.S. operation was "strategically noncore" and closed the unit to new business.