Tighe New Royal & SunAlliance CEO
NU Online News Service, Oct. 1, 4:27 p.m. EDT?Royal & SunAlliance USA announced the appointment of John Tighe today as president and chief executive officer.
He succeeds Steve Mulready, who, the company said, will now focus on finalizing the renewal rights sale of the majority of the company's businesses to Travelers Property Casualty. He will leave the company in December, the company said.
In his new position, Mr. Tighe will be responsible for managing the overall operations of Royal & SunAlliance USA, including those businesses remaining with the company following the Travelers transaction, according to R&SA.
Prior to his current position, Mr. Tighe served as Charlotte, N.C.-based Royal & SunAlliance USA chief risk officer. He previously was president and chief operating officer of the Custom Risk Division, with a focus on the company's larger commercial clients.
Mr. Tighe has been with the company 20 years in a wide range of senior management positions, the company said.
Mr. Mulready joined Royal & SunAlliance as part of the company's acquisition of Orion Specialty Insurance Group in 1999.
Earlier this month, Royal & SunAlliance announced a definitive agreement to sell the renewal rights for most of its U.S. businesses to Travelers. The company is considering a range of options with respect to its remaining businesses, including further renewal rights transactions and disposals, according to the company.
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