RSA to raise funds with winter sale
Royal & Sun Alliance is no longer planning a rights issue, but a streamlining plan which will see the insurer move from a capital shortfall of £600m to a surplus of £750m. Marcus Alcock reports.
The merger of Royal Insurance and Sun Alliance in 1996 was a boldmove that created the then largest UK general insurer and promised an
international giant with real clout.
However, over the past
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