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.
US Proposes Voluntary Guidelines for Self-Driving Vehicles in Waning Days of Biden Administration 
CVS Accused of Illegal Opioid Dispensing in Whistleblower Suit 
AccuWeather’s 2024 White Christmas Forecast Calls for Snow in More Areas 
New York Considers Making Property Insurers Cover Taxi Claims Losses 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.