William McDonnell has been appointed IAG Chief Financial Officer (CFO) effective 11 December 2023, subject to regulatory approval.
McDonnell has more than 25 years’ global experience across insurance, finance, capital markets, risk, governance, and regulation. He spent 15 years at general insurer Royal & Sun Alliance Insurance Group (RSA), where for the last seven years he was Group Chief Risk Officer with accountability for the Group’s risk, including strategic, underwriting, financial, compliance, and assurance. RSA was an FTSE 100 insurer, with operations in the United Kingdom, Ireland, Canada, Scandinavia, and a presence in more than 15 countries.
“William brings extensive experience in financial and capital markets to IAG, and a deep understanding of regulatory environments, finance, risk and climate risk,” IAG CEO Nick Hawkins said.
“In particular, his expertise in capital strategy and identifying trends and managing climate risk in a global context, will play an important part in creating a stronger and more resilient company. I look forward to welcoming William to IAG.”
During his time at RSA, McDonnell also held senior finance and capital roles. He was Group Director of Financial Reporting and Control, and Head of Economic Capital, Corporate Finance and Capital Management.
IAG’s current CFO, Michelle McPherson, who announced her retirement in May this year, will remain with the company until the end of the calendar year.