5th Mar 2007 07:00
Royal & Sun Alliance announces completion of US disposal Royal & Sun Alliance Insurance Group plc (R&SA) announces the completion of thedisposal of its US operation to Arrowpoint Capital Corp. The disposal achieves the Group's objective of bringing certainty and finalityto its exposure to the US operation. For further information: \* TAnalysts Press----------------------------------------------------------------------Shona Cotterill Phil Wilson-Brown----------------------------------------------------------------------Tel: +44 (0) 20 7111 7212 Tel: +44 (0) 20 7111 7047----------------------------------------------------------------------Andrew Wigg Simon Moyse (Finsbury)----------------------------------------------------------------------Tel: +44 (0) 20 7111 7138 Tel: +44 (0) 7810 505 473----------------------------------------------------------------------\* T Notes to editors: 1. On 28th September 2006, R&SA announced the sale of the US operation toArrowpoint Capital Corp. and its wholly owned subsidiary Arrowpoint Capital LLC. 2. Arrowpoint Capital Corp. of Delaware is a newly formed company comprised ofR&SA US senior management and outside directors. Important Disclaimer This press release contains forward looking statements as defined in the U.S.Private Securities Litigation Reform Act of 1995. The forward looking statementsare based on management's current expectations or beliefs as well as a number ofassumptions about future events, and are subject to factors and uncertaintiesthat could cause actual results to differ materially from those described in theforward looking statements. The agreement is subject to the execution ofdefinitive documents by the parties. The Company does not assume any obligationto update any forward looking statements, whether as a result of newinformation, future events or otherwise. Copyright Business Wire 2007Related Shares:
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