RSA completes £130m sale of Hong Kong and Singapore units

RSA has completed the previously announced sale of its Hong Kong and Singapore insurance operations to global insurance group Allied World Assurance.

The completion of the deal follows receipt of all regulatory and court approvals.

RSA announced on 21 August 2014 that it was selling the insurance businesses of its Hong Kong and Singapore branches to Allied world for £130m as part of its group-wide restructuring.