RSA Insurance mulls sale of Latin American business

London-based RSA Insurance Group P.L.C. is mulling sale of its Latin American business as part of its broad restructuring plan, Reuters reported citing the Financial Times.

RSA has appointed Goldman Sachs Group Inc. to handle a possible offloading.

Stephen Hester, CEO of RSA, in 2014 unveiled plans to raise up to £1.6 billion ($2.3 billion) in capital through steps including offloading businesses.

RSA recently said it had raised £800 million ($1.17 billion) in sales so far.

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