Wednesday April 8, 2020

Regulator approved Kevin Thompson as RSA chief without clearance from CCPC

Central Bank did not follow through on request to CCPC in relation to Kevin Thompson’s F&P application

12th January, 2020
Kevin Thompson spent seven years as the chief executive of Insurance Ireland, the industry’s representative group. Picture: Naoise Culhane

The Central Bank approved Kevin Thompson’s appointment as the head of insurance firm RSA Ireland without obtaining information from the state’s competition watchdog on its ongoing investigation into the motor insurance sector, the Business Post can reveal.

Documents seen by this newspaper show that, as part of its vetting process, the Central Bank initially approached the Competition and Consumer Protection Commission (CCPC) for information regarding the inquiry before quickly...

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