Group News
Royal & SunAlliance acquires Sertus Underwriting Limited in Ireland
01/04/2008 - Royal & Sun Alliance Insurance Group plc announces the acquisition of Sertus Underwriting Limited in Ireland.
Sertus Underwriting Limited is a well established business within the Irish motor and household insurance market. In 2007 it achieved Gross Written Premiums of €16.5m (£11.3m). The transaction is consistent with Royal & SunAlliance’s strategy in Ireland of building leading positions in targeted segments.
Simon Lee, Chief Executive of Royal & SunAlliance International Businesses said, “We have a strong business in Ireland and a track record of delivering profitable performance. This transaction represents an exciting opportunity to combine technical excellence with strong distribution and supports the delivery of our objective of sustainable, profitable performance”.
Local regulatory approval has been obtained.