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RSA Insurance Group Limited (trading as RSA, formerly RSA Insurance Group plc and Royal and Sun Alliance) is a British multinational general insurance company headquartered in London, England. RSA has major operations in the United Kingdom, Ireland, Scandinavia and Canada.
At this point the United States was the Royal’s largest single market, representing 41% of its worldwide general insurance premiums. The acquisitions continued unabated. To strengthen its life business, Royal bought Lloyd’s Life in 1985 for £93 million, followed by the US life company Macabees in 1989.
Sun Alliance Group plc was a large insurance business with its main offices in the City of London and later Horsham. It was created in 1959 by the merger of Sun Insurance, founded in 1710, and Alliance Assurance founded in 1824. In 1996 Sun Alliance merged with Royal Insurance to form the Royal & Sun Alliance Insurance Group.
After the 1996 merged of Royal Insurance and Sun Alliance to form Royal and Sun Alliance, the Canadian company changed its name to the Royal and Sun Alliance Insurance Company of Canada. In 2008, Royal and Sun Alliance changed its brand name to RSA, at which time Western Assurance began operating as WA. [3]
Friends Provident Life and Pension Limited – Provides life, pension and investment services within the UK; Friends Provident Life Assurance Limited – Provides life and investment services worldwide under English and Guernsey law. Friends Provident International Limited – Formerly Royal and Sun Alliance International but was taken over in ...
The break was a result of the formation of the Sun Alliance and London Group. When Sun Alliance made a successful bid for London Assurance, it resulted in a conflict of interest with Sun Life, so it was agreed that they would go their separate ways. [21] From the 1970s SunLife split their headquarters between London and Bristol. [22]
In 1992, Royal Insurance and SunAlliance merged to become Royal & SunAlliance. In 1994. SunAlliance purchased New Zealand's general insurance group Royal Insurance. In 2003, Royal & SunAlliance announced a change in organisational structure in Australia and New Zealand and changed its name to Promina. The name of the general insurance company ...
The company was established through the merger of the Guardian Assurance Company and Royal Exchange Assurance in 1968. [1] In February 1998 it acquired PPP Healthcare, a private healthcare insurer, for £435m. [2] In February 1999 it was acquired by Axa of France for $5.7bn and integrated into its Sun Life & Provincial Holdings division. [3]