Insurer sold 26% holding to Sundaram Finance for £46m
RSA has completed the sale of its 26% share of Indian joint venture insurer Royal Sundaram Alliance Insurance Company.
The insurer revealed in February that it was selling the stake to joint venture partner Sundaram Finance in return £46m.
The company now expects to recognise a profit on disposal of around £17m, up from its initial estimate of £16m.
The news comes as Swiss insurer Zurich is considering making an offer to buy RSA.
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.
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