Iain Withers
Iain Withers
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Canada's Intact, Denmark's Tryg agree to buy British insurer RSA for $9.6 billion

Canada's Intact, Denmark's Tryg agree to buy British insurer RSA for $9.6 billion

By , Insurers have become an attractive proposition since the coronavirus crisis despite reputational damage from disputes over business interruption claims, industry sources say. Home-working has led to fewer claims on home and motor insurance while commercial insurance rates have risen sharply.RSA’s directors backed the Intact-Tryg bid unanimously and recommended shareholders vote in favour of the consortium’s offer, the company said on Wednesday, having first flagged the approach early this month.Best known in Britain for its More Than brand, RSA provides home, motor and commercial...

November 18, 2020
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