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.
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