According to a report in Britain’s Sunday Observer, U.K. insurer Royal & Sun Alliance is in talks with Holland’s Aegon to sell its life insurance business and possibly its fund management operations. The Dutch financial services giant already has substantial life and pension operations in the U.K., and is seeking to expand them as a new market opens up for government sponsored low-cost flexible old-age pensions.
Neither company has commented on the report, but RSA CEO Bob Mendlesohn recently indicated that the company intended to concentrate its efforts on expanding its general insurance operations.
Was this article valuable?
Here are more articles you may enjoy.
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says 
The Hartford Q3 Net Income Up 41% 
