RSA announces completion of the sale of its operations in Mexico
Further to the announcement of 8 September 2015, RSA Insurance Group plc (‘RSA’) announces that it has completed the sale of its operations in Mexico to Suramericana S.A., the insurance subsidiary of Grupo de Inversiones Suramericana (‘Grupo SURA’).
The sale of RSA’s operations in Brazil completed on 29 February 2016; in Colombia on 31 March 2016; and in Chile and Argentina on 29 April 2016.
RSA currently expects the completion of its remaining Latin American disposal in Uruguay to occur over the coming months.
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Rupert Taylor Rea
Director of Investor Relations
Director of External Communications
|Tel: +44 (0) 20 7111 7140||Tel: +44 (0) 20 7111 7047|
Investor Relations Manager
|Tel: +44 (0) 20 7111 7243|
Notes to editors:
Goldman Sachs International acted as Sole Financial Advisor to RSA.
With a 300 year heritage, RSA is a multinational quoted insurance group. RSA has core operations in the UK & Ireland, Scandinavia, and Canada, and has the capability to write business in around 140 countries. Focusing on general insurance, RSA has around 17,000 employees and, in 2015, the net written premiums of its core operations were £5.7 billion.
With more than 70 years of history, Suramericana is one of the main insurance groups in Colombia and Central America with a total client base of 10 million customers. Suramericana is a subsidiary of Grupo SURA (81.1%). The remaining stake is held by Munich Re (18.9%).
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