One of Britain’s top accountants, Martin Scicluna, has emerged as a leading contender to take over as chairman of RSA, the FTSE 100 insurer which owns the More Than brand.
Scicluna, who spent more than 30 years at Deloitte, rising to UK chairman at the international group, is believed to be heading a short list of candidates to replace long-serving John Napier at the helm of the £4 billion firm.
RSA insists that no departure date has been set for Napier, 70, although sources say that an appointment could come before the end of the year with an exit at the company’s annual meeting next May.
The search for his replacement is being led by MWM Consulting, the firm run by head-hunting doyenne Anna Mann.
Mr Scicluna, 61, has expanded his financial services expertise since leaving Deloitte by serving on the board of bailed-out Lloyds Banking Group, owner of Scottish Widows, since 2008.
He is also the chairman of London property firm Great Portland Estates.
