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.
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
