Takeover of RSA Insurance Group Plc

RSA Group

Date:

Following an approach last year to buy RSA, a consortium of Canadian firm Intact Financial Corporation, and Danish business Tryg A/S have now formally purchased all shares in the company.

RSA was comprised of three divisions; Canada, Scandinavia, and UK & International (the European, Irish and Middle Eastern businesses). Tryg now owns the Swedish and Norwegian businesses and Intact owns the Canadian and UK & International businesses. The two parties would jointly own RSA’s business in Denmark.

Customer policies are not impacted by this takeover, and all policies and any claims related to those continue to operate as before. Anyone who needs to get in touch with us about a policy or a claim should continue to do so in the usual way.

We will re-register our ‘Plc’ companies to become ‘Private Limited’ companies. In due course, these new companies will appear in our policy documents and other contracts and legal documentation. Our brands, registered offices and company numbers are unchanged.

Commenting on the takeover, Scott Egan, continuing CEO of RSA UK & International, said:

“I’m really excited about this new chapter of RSA’s long and illustrious history. Everyone is looking forward to working as part of Intact, building on our recent progress and momentum and continuing to develop our propositions for customers, brokers and partners”.
“The expertise and ambition of Intact gives us a great opportunity to improve and accelerate our plans with the joint goal of making it a better business.  I’m really looking forward to seeing what we can achieve together.”

 

You can read the full announcement about the takeover here.