RSA Insurance Group plc announces the acquisition of 80.8% of Sveland P&C Ltd, for SEK 138m (GBP 12m) in cash.
Sveland P&C is the 9th largest private insurer in Sweden with gross written premiums of SEK 480m (GBP 42m) in 2008.
Building on the success of our bank distribution model in Denmark, this acquisition will strengthen the Group’s banking distribution and presence in southern Sweden and is consistent with RSA’s strategy of building leading positions in targeted segments.
Completion of the transaction is subject to regulatory approval.
