The insurer is considering a move to buyout its Scandinavian subsidiary.
Royal & Sun Alliance is considering a move to buyout the minority shareholders in its Scandinavian business, reports the Daily Telegraph.
In a deal worth an estimated $600m RSA is reportedly reviewing whether to buy out the remaining stake in Codan. RSA currently owns 72% of the company which has major operations in Denmark, Sweden and the Baltic states.
According to the Telegraph, the deal could be seen as evidence of RSA's renewed confidence after the disposal of its US business following a long-running legal row with General Motors.
RSA showed strong investment returns across the group last year, which contributed towards a 5% increase in operating profits to £780m. The group's shares have gained more than 20% in the past year.
Although Codan reported solid increases in sales and premium income, its investment returns have dropped sharply as result of misjudged bond positions, according to RSA shareholders.
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