Insurer Royal & SunAlliance has moved to sell its offshore investment arm in a bid to raise capital for its general insurance business.
The Sunday Telegraph reported that investment bank Lehman Brothers has been appointed to sell the business which is based in the Isle of Man.
The business, which has around £1bn under management, is estimated to be valued at £40m.
Aberdeen Asset Management have been suggested as likely buyers of the offshore business as well as the onshore asset management portfolio.
The Sunday Telegraph said the sale was part of R&SA's attempt to raise £800m in capital by selling non-general insurance businesses and cutting its dividend.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
