Royal & SunAlliance has announced the sale of the business of its Pakistan operation to International General Insurance Company of Pakistan Ltd.
The consideration will reportedly be around £700,000 (U.S.$1.25m), to be paid in cash. In addition, Royal & SunAlliance will retain net assets, mainly in cash and investments of around £3.4m (PR 363m), making £4.1m in total proceeds.
Royal & Sun Alliance Pakistan underwrites a general portfolio of mainly commercial business.
Was this article valuable?
Here are more articles you may enjoy.
Fla. Supreme Court Reverses Lower Court on Compensability of a Workplace Shooting 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
