{"id":25417,"date":"2021-06-02T09:27:06","date_gmt":"2021-06-02T06:27:06","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=25417"},"modified":"2026-03-27T22:33:19","modified_gmt":"2026-03-27T19:33:19","slug":"intact-financial-corporation-completes-acquisition-of-rsa-insurance-group-plc","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/intact-financial-corporation-completes-acquisition-of-rsa-insurance-group-plc\/","title":{"rendered":"Intact Financial Corporation completes acquisition of RSA Insurance Group plc"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li><em>Consortium, made of Intact Financial Corporation and Tryg A\/S, has purchased all shares in RSA Insurance Group plc, with acquisition valued at GBP 7.2bn<\/em><\/li><li><em>Acquisition set to strengthen footprint and leadership position<\/em><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>KSA, 01 June 2021<\/strong>:&nbsp;RSA Middle East announced that Intact Financial Corporation, leading Property &amp; Casualty insurance company in North America, has successfully acquired all its intended shares in RSA Insurance Group plc, based out of the UK. Consortium, made of Intact Financial Corporation and Tryg A\/S, has purchased all shares in RSA Insurance Group plc, with acquisition valued at GBP 7.2bn. The acquisition will not change the shareholding structure of the RSA Middle East (\u201cRSA\u201d) joint venture.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Commenting on the acquisition, Al Alamiya for Cooperative Insurance Company\u2019s CEO, Khalid Allagany, said:<\/strong><em>\u201cI\u2019m really excited about this new chapter. We are looking forward to working together, leveraging their global expertise to continue to build on our recent progress. We are keen to develop even better propositions for our customers and partners. The strengths of Intact give us a great opportunity to improve and accelerate our plans with the joint goal of making it an even stronger business.&nbsp;&nbsp;I\u2019m really looking forward to helping our customers achieve their goals and ambitions \u2013 together with Intact.\u201d&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">RSA does not foresee structural or personnel changes at a regional level. On a global level, key positions are already confirmed, with Scott Egan, CEO of RSA\u2019s UK &amp; International businesses to continue this position post the acquisition\u2019s completion.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With 300 years of history as the founder of the global insurance industry and 70 years of operation in the Middle East, RSA is excited for this next chapter and is ready to join the Intact global family. Over the last four years, RSA has invested heavily into transforming its company purpose, values and strategies, as well as its technology backbone, to truly put its customers at the heart of all decision making. This transformation has been recognized recently by the media as RSA was awarded \u201cMost Customer Centric Insurance Company \u2013 Middle East\u201d. Intact share similar values as RSA and are committed to helping its customers as well as its international businesses grow in each of their respective markets.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Intact is the largest property &amp; casualty insurer in Canada and a leading specialty insurer in North America. Intact has been leveraging new technologies, such as artificial intelligence and advanced digital capabilities, to support its businesses to achieve leadership positions in the markets it operates in. Intact\u2019s global strengths and expertise will help RSA grow and service its customers even better in the Middle East.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consortium, made of Intact Financial Corporation and Tryg A\/S, has purchased all shares in RSA Insurance Group plc, with acquisition valued at GBP 7.2bn Acquisition set to strengthen footprint and leadership position KSA, 01 June 2021:&nbsp;RSA Middle East announced that Intact Financial Corporation, leading Property &amp; Casualty insurance company in North America, has successfully acquired [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-25417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Intact Financial acquisition - RSA deal update | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Intact Financial acquisition of RSA Insurance Group plc valued at GBP 7.2bn strengthens leadership and footprint. 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