Plans to takeover firms costing as much as £600m
RSA has confirmed to analysts and investors that is looking at large acquisitions worth about £600m that might need a rights issue, the FT reports.
It said there were “recently emerged opportunities that could be larger than ‘bolt-on’ acquisitions”, according to analysts at Keefe, Bruyette & Woods.
Greig Paterson, analyst at KBW, said that large deals could bring more risks than benefits and that the company could suffer more than expected from the economic slowdown.
Possible deals include:
- UK marine and specialist commercial lines
- Latin America
- Canada
The Nordic region and UK retail and corporate were unlikely areas, RSA said.
Opportunities had arisen because of restructuring or financially stretched owners, particularly banks and private/family companies, the company said.
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.
