Royal & Sun Alliance Codan puts life, pension business up for sale

Royal & Sun Alliance Insurance PLC's majority owned Codan Forsikring AS has put its life and pension operations up for sale, or at least a large part of the business area, Danish daily paper Boersen reported, citing sources in the Nordic life insurance sector.

Codan has reportedly made inquiries to a number of potential European buyers to ask about their interest in taking over the business area, said the paper.