Royal & SunAlliance (R&SA) has rejected four bids for its majority-owned Scandinavian subsidiary Codan Forsikring AS, according to a report.
The report in Berlingske Tidende, said the prices offered for the business were deemed to be too low.
The four bids were from If, Norway's Gjensidige, Germany's Talanx and Nordic Equity, it added.
Codan's life and pension operations, Codan Liv & Pension, were sold to SEB AB in June of this year.
R&SA owns 71.7% of the Scandinavian company.
R&SA declined to comment on the reports.
