WorldMoney & Business
Intact Financial Corporation completes acquisition of RSA Insurance Group plc
RSA Middle East announced that leading Property & Casualty insurance company in North America, Intact Financial Corporation, has successfully acquired all its intended shares in RSA Insurance Group plc, based out of the UK.
Consortium, made of Intact Financial Corporation and Tryg A/S, has purchased all shares in RSA Insurance Group plc, with acquisition valued at GBP 7.2bn.
The acquisition will not change the shareholding structure of the RSA Middle East (“RSA”) joint venture.
RSA does not foresee structural or personnel changes at a regional level. On a global level, key positions are confirmed, with Scott Egan, CEO of RSA’s UK & International businesses to continue this position post the acquisition’s completion.