RSA appoints UK and Western Europe chief auditor
Dave Howell to lead insurer's audit function in UK and Western Europe
INSURER RSA has promoted its group insurance risk director Dave Howell to the role of chief auditor for the UK and Western Europe, subject to regulatory approval.
Howell will head up the regional internal audit team providing independent assurance to the UK and Western Europe executive and group audit committee. He will report to group chief auditor Ralph Daals.
The appointment comes two years after isues with RSA’s irish arm’s claims and finance functions hit profits by £72m.
Big Four firm PwC was parachuted in by RSA to run a “comprehensive review” of the financial and regulatory reporting processes and controls within the claims and finance functions.
Months later, PwC, auditors KPMG and RSA’s internal auditors found the problems were limited to Ireland.
Commenting on the appointment, Ralph Daals said: “I am delighted to appoint Dave to the role of chief auditor for the UK and Western Europe businesses. He brings excellent experience in both risk management and internal audit, combined with an in depth understanding of RSA. I am confident that he will be a great asset to the business and internal audit and will successfully lead the regional audit team forward.”