1 February 2016

RSA completes sale of Russian operations

RSA Insurance Group has completed the sale of its entire shareholding (c.75 percent) of joint stock company Intouch Insurance (RSA Russia) to joint stock inurance company BLAGOSOSTOYANIE in a transaction worth approximately £5 million.

RSA Russia accounted for net written premiums of £27 million and an underwriting loss of £5 million within RSA’s 2014 group results (before deduction of non-controlling interest).

RSA announced its intention to make the sale in December 2015.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk