Royal & SunAlliance (R&SA) has agreed to sell its majority shareholding stake in its Polish life subsidiary T U na Zycie Royal PBK SA (Royal PBK).
Four financial investors, including 3GON Polska Spolka zoo and Trigon Group member Wspolnicy Spolka komandytowa are to purchase the 81.8% stake.
The business is to be sold as a going concern.
R&SA's chief executive for international businesses Simon Lee said: “I am pleased to announce this disposal, which is consistent with the group's strategy of withdrawing from the life assurance sector and concentrating on core markets.”
As at the end of December 2003, the net asset value of Royal PBK, on a UK GAAP basis, was approximately £1m.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
