RSA Insurance Group plc (RSA) announces the completion of the acquisition of the remaining 50% of Intouch Insurance Group BV from Direct Insurance Financial Investments (DIFI) for €70m in cash, following receipt of formal regulatory approval.
About RSA
With an almost 300 year heritage, RSA is one of the world’s leading multinational quoted insurance groups. It has the capability to write business in over 130 countries and with major operations in the UK, Scandinavia, Canada, Ireland, Asia and the Middle East and Latin America. Focusing on general insurance, it has around 22,000 employees and, in 2008, its net written premiums were £6.4bn.
About Intouch Insurance Group BV
Intouch Insurance Group BV owns direct insurance operations in Poland, the Czech Republic and Russia. Link 4 was established in Warsaw in 2003 and is the leading Direct insurer in Poland with a 60% share of the direct motor market. Direct Pojistovna, based in Prague was launched in May 2007 and Intouch was launched in Russia in April 2008.
