The deal is expected to be completed within six months
RSA has sold its 26% holding in Indian insurer Royal Sundaram Alliance Insurance Company to Sundaram Finance, its joint venture partner, for £46m.
The transaction is expected to result in a gain on sale of approximately £16m and an addition to the group’s tangible net assets of around £19m.
The deal is expected to be completed within six months.
RSA Group Chief Executive Stephen Hester said: “This transaction continues the excellent momentum of our disposal programme and represents further progress in tightening the strategic focus of the group.”
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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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