Royal & Sun may get bid for life unit from Old Mutual - eProperty News

Royal & Sun may get bid for life unit from Old Mutual

Listed Property, REIT, Real Estate Funds

Posted On Monday, 17 May 2004 02:00 Published by eProperty News

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The second-largest UK property and casualty insurer, might get offers for its UK life business from Old Mutual and Hugh Osmond

May 17, 2004

Busrep

Royal & Sun Alliance, the second-largest UK property and casualty insurer, might get offers for its UK life business from Old Mutual and Hugh Osmond, the Financial Times said on Friday. Royal & Sun is shedding jobs, selling units and underwriting fewer policies in an effort to return to profit after asbestos-related claims and falling stock markets led to losses for three years.

Publisher: Business Report
Source: Business Report

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