Who owns RSA Insurance Group plc?

Intact Financial Corporation (TSX: IFC) ("Intact" or the "Company") announced today that, together with Tryg A/S (CPH: TRYG) ("Tryg"), it has completed the acquisition (the "Acquisition") of RSA Insurance Group plc. ("RSA"), having received all required approvals.

Will intact buy RSA?

The agreement, announced this past November, would have Intact form a consortium with Danish insurer Tryg A/S to acquire London-based RSA. If approved, Intact would acquire RSA’s operations in Canada, Britain, Ireland and the Middle East. Tryg would acquire RSA’s operations in Sweden and Norway.

What if RSA was approved?

If approved, Intact would acquire RSA’s operations in Canada, Britain, Ireland and the Middle East. Tryg would acquire RSA’s operations in Sweden and Norway. RSA’s operations in Denmark would be split 50/50 between Intact and Tryg. “We have 27 transition teams that are looking at various parts of the [RSA] business.

How much is the RSA deal worth?

The Intact and Tryg deal to buy RSA is valued at about £7.2 billion, with Intact paying £3.0 billion and Tryg paying £4.2 billion. The British pound closed Friday at $1.71. During Intact’s recent 2021 Q1 earnings call, an investment banking analyst asked about the countries other than Canada in which Intact will operate as a result of the RSA deal.