R&SA's chief executive has revealed that the company has a very active deal pipeline
Royal and Sun Alliance (R&SA) is considering bolt-on acquisitions and has a “really active deal pipeline” in the UK market, said chief executive Andy Haste to the Financial Times.
Haste added that acquisitions should expand RSA’s footprint in areas where it already operates, said the FT.
In March, Insurance Times revealed that R&SA was planning to rejuvenate its SME offering and begin a major offensive to develop its specialist business lines in the coming.
That same month R&SA sold off its US operation for £158m.
On the news, Fitch upgraded the company's insurer financial strength rating to A minus from BBB+.