Royal & Sun Alliance shares have bounced back after news of an asbestos case triggered heavy selling of its stocks on Friday.
According to weekend reports, RSA is now belived to be looking to off-load further business in Australia and Denmark and use the cash to finance expansion.
At 9.40 am, shares in the UK's second largest general insurer were up 6% to 110.3.
Analysts have suggested that its value has improved after the insurer ditched plans to issue up to £1billon of equity in an attempt to underwrite growth plans.
RSA's alleged plan to sell its Australian operations follows Aviva's recent plan to sell its Pacific operations.
