Royal & SunAlliance USA

March 09, 2005 16:28 ET

Royal & SunAlliance USA Announces Board Appointments


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ROYAL & SUNALLIANCE USA

MARCH 9, 2005 - 16:28 ET

Royal & SunAlliance USA Announces Board Appointments

CHARLOTTE, N.C.--(CCNMatthews - Mar 9, 2005) -

Royal & SunAlliance USA today announces the appointment of William Shea
as Chairman and Michael Crall as outside Director.

William Shea, 56, brings with him more than 30 years financial services
experience. From 2001 until 2004, he was CEO of US insurer, Conseco
Inc., where he successfully restructured the company and brought it back
into profitability. Previously he was Vice Chairman and CFO at
BankBoston Inc. and was also a Firm Council Member and Senior Partner of
Coopers & Lybrand, now PricewaterhouseCoopers.

Michael Crall, 61, was the first CEO of Equitas (1995-2003),
successfully creating and leading the GBP 20 billion company formed to
reinsure and manage the pre-1993 liabilities of Lloyds of London. Mr.
Crall remains an outside Director of Equitas and in 2003 he was also
appointed outside Director of Catlin, the property and casualty insurer
and reinsurer. Previously, he was President and Chief Executive of
Argonaut Insurance Company, the US casualty insurance specialist. He
began his career with Insurance Company of North America, holding
several executive posts in Europe and the US.

John Tighe, President and CEO, Royal & SunAlliance USA, said, "These
appointments bring us a great depth of senior US insurance expertise.
They will be a great asset as we continue to restructure our US
business."



Notes to editors

William Shea
2001-2004 Conseco, Inc., President and Chief Executive Officer
1998-2001 Centennial Technologies Inc., Chairman
1992-1998 BankBoston Inc., Vice Chairman ('94-'98) CFO ('92-'98)
1974-1992 Coopers & Lybrand, Boston. Vice Chairman, Firm Council
Member ('90-'92), Senior Partner ('88-'92), Partner ('83-'88) Staff
Accountant ('74-'83)

Michael Crall
1995-2003 Equitas Limited, Chief Executive
1986-1995 Argonaut Insurance Company, President
1982-1986 CIGNA International Corp., Vice President
1968-1982 Insurance Company of North America, Various positions
1965-1968 Philadelphia National Bank, Commercial Lending Officer
Education: Dartmouth College, BA English



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Royal & SunAlliance USA
    Libby McLaughlin, 704-522-3064
    or
    Kedar Bryan, 704-522-2721