Royal & SunAlliance has announced the sale of the business of its Pakistan operation to International General Insurance Company of Pakistan Ltd.
The consideration will reportedly be around £700,000 (U.S.$1.25m), to be paid in cash. In addition, Royal & SunAlliance will retain net assets, mainly in cash and investments of around £3.4m (PR 363m), making £4.1m in total proceeds.
Royal & Sun Alliance Pakistan underwrites a general portfolio of mainly commercial business.
Was this article valuable?
Here are more articles you may enjoy.
UBS Top Executives to Appear at Senate Hearing on Credit Suisse Nazi Accounts 
Uber Jury Awards $8.5 Million Damages in Sexual Assault Case 
Charges Dropped Against ‘Poster Boy’ Contractor Accused of Insurance Fraud 
These Five Technologies Increase The Risk of Cyber Claims 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.