Royal & SunAlliance'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 has 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, the paper said.
It added said that a sale of Codan's life and pension operations could be connected to problems at R&SA, which has sold operations in New Zealand, Australia, the US and Puerto Rico since it announced a restructuring last year.
