Business Insurance

Login  |  Register Subscribe

cbVid =

RSA Insurance looks to sell Canadian unit Noraxis

February 17, 2014 - 6:00am

U.K. insurer RSA Insurance Group P.L.C. is looking for potential buyers for Noraxis Capital Corp., a network of Canadian regional insurance brokers, Sky News reported.

The insurer has begun the auction of Noraxis that could fetch up to £200 million ($334.9 million), reports Sky News.

Stephen Hester, newly-appointed chief executive of RSA, is mulling the sale of its operations in central and eastern Europe.

Read more


Get our daily Global Focus newsletter

You may also want to visit

International Content