Royal & Sun Alliance is in talks with giant Dutch rival Aegon over a £1bn-plus sale of its life ins...
Royal & Sun Alliance is in talks with giant Dutch rival Aegon over a £1bn-plus sale of its life insurance division. Its fund management arm is also on the block, City sources confirm, as part of a strategy of focusing on general insurance worldwide. The potential further shake-up in the industry comes as the global ambitions of the Prudential lie in tatters after its £18bn bid for American General was trumped by US rival AIG last week. Goldman Sachs, the investment bank, is under fire for its handling of Prudential. The US bank unsuccessfully asked Prudential at least twice to app...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes