RSA Insurance has sold Noraxis to Arthur J. Gallagher & Co
RSA Insurance Group plc has sold Noraxis Capital Corporation, its Canadian insurance brokerage business, to Arthur J. Gallagher & Co.
Noraxis is one of Canada’s largest P&C insurance brokers providing commercial, personal and employee benefits insurance products and services.
Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement and administration services in the US, Australia, Bermuda, Canada, Caribbean, New Zealand, India and the UK.
RSA Insurance Group provides personal and commercial general insurance products in the UK and internationally. The company offers a range of personal insurance products, including home, car, pet, and travel insurance; and commercial insurance products, such as property, vehicle and fleet, professional liability, and indemnity and travel insurance, as well as marine, renewable energy, construction and engineering, and rail insurance.
Oaklins’ team in Canada acted as the exclusive financial advisor to the minority shareholders of the Noraxis broker subsidiaries.
Contacter l'équipe de la transaction
Transactions connexes
Banco BPM Vita S.p.A. has launched a voluntary public tender offer for Anima Holding S.p.A.
Banco BPM Vita S.p.A. has initiated a voluntary public tender offer for the shares of Anima Holding S.p.A.
En apprendre plusManolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
En apprendre plusGenerali has expanded its footprint in Bulgaria by acquiring one of the top health insurers on the market
Doverie United Holding has successfully completed the sale of United Health Insurance Fund Doverie (Doverie) to Generali CEE Holding.
En apprendre plus