14th Jun 2011 13:00
RSA Insurance Group Plc Acquisition RSA acquires the insurance assets of etfs in Canada RSA Insurance Group plc (RSA) announces the acquisition of the insurance assets ofExpert Travel Financial Services Incorporated (etfs) a leading distributor of travelinsurance in Canada. The transaction does not include etfs's claims and assistancesubsidiary Global Excel Management (GEM). -ENDS For further information: Analysts Press Claire Cordell Louise Shield Tel: +44 (0) 20 7111 7212 Tel: +44(0) 20 7111 7047 Simon Sperryn-Jones Bart Nash Tel: +44 (0) 20 7111 7140 Tel: +44(0) 20 7111 7336 Notes to editors: 1. The gross assets acquired are approximately CAD 5m (GBP 3m). In addition, RSAwill acquire trademarks and access to distribution. About RSA With a 300 year heritage, RSA is one of the world's leading multinational quotedinsurance groups. RSA has major operations in the UK, Scandinavia, Canada, Ireland,Asia and the Middle East, Latin America and Central and Eastern Europe and has thecapability to write business in over 130 countries. Focusing on general insurance,RSA has around 22,000 employees and, in 2010, its net written premiums were £7.5billion. Important Disclaimer This press release may contain 'forward-looking statements' with respect to certainof the Group's plans and its current goals and expectations relating to its futurefinancial condition, performance results, strategic initiatives and objectives. Generally,words such as "may", "could", "will", "expect", "intend", "estimate", "anticipate","aim", "outlook", "believe", "plan", "seek", "continue" or similar expressions identifyforward-looking statements. These forward-looking statements are not guarantees offuture performance. By their nature, all forward-looking statements are inherentlypredictive and speculative and involve risk and uncertainty because they relate tofuture events and circumstances which are beyond the Group's control, including amongstother things, UK domestic and global economic business conditions, market-relatedrisks such as fluctuations in interest rates and exchange rates, the policies andactions of regulatory authorities, the impact of competition, inflation, deflation,the timing impact and other uncertainties of future acquisitions or combinationswithin relevant industries, as well as the impact of tax and other legislation andother regulations in the jurisdictions in which the Group and its affiliates operate.As a result, the Group's actual future financial condition, performance and resultsmay differ materially from the plans, goals and expectations set forth in the Group'sforward-looking statements. Forward-looking statements in this press release arecurrent only as of the date on which such statements are made. The Group undertakesno obligation to update any forward-looking statements, save in respect of any requirementunder applicable law or regulation. Nothing in this press release shall be construedas a profit forecast.Related Shares:
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