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RSA combines commercial businesses

RSA U.K. and International combined its commercial risk solutions and global risk solutions businesses to create a single business unit focused on commercial lines.

Rob Gibbs, currently managing director of commercial risk solutions, immediately takes up the role of managing director of RSA commercial lines. Tony Buckle, currently managing director of global risk solutions, will leave RSA Insurance Group PLC after a handover period.

The commercial risk solutions business focuses on U.K. domestic risks and delegated market authorities, while the global risk solutions business handles multinational corporate clients, specialty business written via the London market and RSA's European branches.

CEO Stephen Hester previously referred to the company's commercial lines business as a "headache," but also said there were signs of improvement. Hester called the 98.8% commercial lines combined ratio the group reported in the first half, excluding exited business, "unsatisfactory."