News

RSA agrees ‘transformative’ deal to acquire DLG’s commercial lines operations

By 2023-09-07T08:13:00

Sale deal completed

The deal ’really turbo boosts our existing strategy for our broker proposition and our customer proposition in commercial,’ says chief executive

RSA Insurance and owner Intact Financial Corporation have agreed a deal with Direct Line Group (DLG) to acquire the business’ brokered commercial lines operations.

Announced late last night (6 September 2023), RSA said the transaction would see it become the UK’s third largest commercial lines insurer with an estimated 7% of total market share. Prior to this deal being agreed, RSA said it was the sixth largest commercial lines insurer in the UK market.

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