Royal & Sun offloads US arm

Insurer Royal & Sun Alliance put its US woes behind it today by agreeing to sell the American business to a group of senior managers.

Royal & Sun offloads US arm
Thu, 28 Sep, 2006 - 09:10

Insurer Royal & Sun Alliance put its US woes behind it today by agreeing to sell the American business to a group of senior managers.

R&SA said the disposal was a “significan step” for the group after it deemed the US business non-core in 2003, following heavy underwriting losses.

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