British Engine is up for sale

RSA has put British Engine, its run-off unit, up for sale.

Engine was formed in 2006 after RSA brought together 16 legacy businesses. RSA said then that it hoped transfers to the newly-formed Engine would make the portfolio easier to manage.

Engine sold its smaller legacy company, Guildhall Insurance, in early 2008 to Enstar. It has a reputation as a consolidator in the run-off business and may be interested in Engine. A spokesman for RSA declined to comment.