RSA Insurance offloads Singapore and Hong Kong business to Allied World Assurance in £130m deal August 22, 2014 RSA Insurance is selling off its business in Singapore and Hong Kong in the latest deal aimed at getting the British insurer back on track. Swiss insurer Allied World Assurance will pay £130m in cash for RSA’s insurance operations in the two countries, in a deal expected to be finalised in 2015. It will pay [...]
Struggling RSA Insurance taps investors for £773m rights issue April 10, 2014 INSURER RSA Group announced yesterday that 95.67 per cent of its share issue has been snapped up by investors, raising £773m for the group. The remaining stock will be offered for sale by JP Morgan and Merrill Lynch, but if it is not sold, under their role as underwriters, they will buy the balance themselves. [...]
RSA in $11m settlement November 3, 2005 Insurer Royal & SunAlliance (RSA) has moved to extricate itself from legal action over the Student Finance Corporation (SFC) by agreeing to pay $11m (£6.19m) to Wilmington Trust. The company revealed the latest payment yesterday as shares in the insurer spiked. City traders said that French rival Axa could be lining up a bid, although [...]