RSA Insurance looks to sell Canadian unit NoraxisReprints
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.