RSA makes £68m Chilean acquisition
Royal & Sun Alliance has acquired Chile's leading general insurance business Compañia de Seguros Generales Cruz del Sur and its Argentinean sister company La República Compañía Argentina de Seguros Generales for $119m (£68m) payable in cash.
The combination of Cruz del Sur and RSA creates Chile's number one general insurance company with a 22% market share. Cruz del Sur's 2004 gross written premiums were $195m (£102m), its gross assetsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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