Insurer expects to complete sale of remaining Latin American units in next six months
RSA has completed the sale of its Colombian operation to Suramericana, the insurance subsidiary of Grupo de Inversiones Suramericana (Grupo SURA).
The transaction is part of RSA’s plan to sell all of its Latin American operations to Grupo SURA for £403m, which it announced in September 2015.
It completed the sale of its Brazilian unit on 29 February this year, and expects to complete the sale of the remaining units in the next six months.
The remaining operations are in Chile, Argentina, Mexico and Uruguay.