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.