1st Apr 2016 06:15
LONDON (Alliance News) - RSA Insurance Group PLC on Friday said it has completed the sale of its Colombian operations to Suramericana, the insurance subsidiary of Colombia's Grupo de Inversiones Suramericana.
RSA agreed in September to sell all its Latin America businesses to Suramericana for GBP403 million, part of a wide-ranging restructuring by the FTSE 100 insurer to focus on its core operations.
RSA expects to complete the sale of the remaining assets in Latin America, in Chile, Argentina, Mexico and Uruguay, in the next six months.
By Sam Unsted; [email protected]; @SamUAtAlliance
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