Tuesday August 11, 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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Rapid announcements followed by long implementation periods may have been acceptable at the start of the crisis, but five months on, there is no excuse for this type of tardiness

Ian Talbot | 2 days ago

As every other player in society swiftly rose to the challenge of beating Covid-19, those leading the schools system dithered dangerously – and are still dithering

Tony O'Brien | 2 days ago

Industry group says robust protocols in place at all facilities in line with HSE guidance

Aaron Rogan | 2 days ago