Central Bank approval needed before Thompson’s move to RSA

Central Bank approval needed before Thompson’s move to RSA

Under the Central Bank’s fitness and probity regime, senior employees must prove their competency for the role before their appointment is rubber-stamped by the regulator.

Insurance Ireland chief executive Kevin Thompson will have to provide additional information to the Central Bank regarding the European Commission’s ongoing investigation into his current employer before his move to RSA Insurance can be approved.

Thompson is stepping down as the head of Insurance Ireland after seven years and assuming the role of chief executive of RSA’s Irish operations, although his appointment has not been officially confirmed yet.

Under the Central Bank’s fitness...

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