Royal & SunAlliance has announced the sale of the business of its Pakistan operation to International General Insurance Company of Pakistan Ltd.
The consideration will reportedly be around £700,000 (U.S.$1.25m), to be paid in cash. In addition, Royal & SunAlliance will retain net assets, mainly in cash and investments of around £3.4m (PR 363m), making £4.1m in total proceeds.
Royal & Sun Alliance Pakistan underwrites a general portfolio of mainly commercial business.
Was this article valuable?
Here are more articles you may enjoy.
Toyota Executive Lashes Out at US Regulations Promoting EV Sales 
Musk Escalates Altman Legal Feud, Casting OpenAI as Monopolist 
Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts 
Trump Team Targets Auto Mileage Rules He Blasted as ‘EV Mandate’ 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.