Login Register Subscribe
Current Issue

RSA Insurance sells eastern European units for $497 million


RSA Insurance Group P.L.C. is selling its four businesses in eastern European for €360 million ($497 million), Bloomberg reported.

Poland's PZU S.A. will take control of AAS Balta in Latvia, Lietuvos Draudimas AB in Lithuania, the Estonian division of Codan Forsikring A/S and Poland-based Link4 Towarzystwo Ubezpieczen S.A. PZU chief executive Andrzej Klesyk said the Baltic insurance markets are expected to grow by around 10% annually.

Read more