Canada’s
Under the terms of the deal, Tryg will pay 4.2 billion pounds to take over RSA’s Swedish and Norwegian businesses, while Intact will pay 3 billion to buy RSA’s operations in
The deal needs to be approved by shareholders.
Tryg said it was likely to cut between 10% and 15% of staff in the combined businesses across
RSA employs around 13,500 people worldwide and has about nine million customers across more than 100 countries.
Founded more than 305 years ago, RSA is one of the world’s longest-standing general insurers. Its brands, including More Than, offer personal insurance for home, car, pet and travel. The company also has a commercial insurance arm.
“RSA has provided peace of mind to individuals and protected businesses from risk for more than 300 years," said RSA Chairman
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