The sweeping restructuring focused on the three core general insurance markets of Britain, Scandinavia and Canada, although there are also growing businesses in Latin America, Italy, Ireland, Asia and the Middle East.
The insurer is now financially robust. Haste has also impressed in meeting demanding targets — a plan to deliver cost savings of £270m a year by the end of 2006 has been delivered six months ahead of schedule.
There are a lot of people out there who will be studying R&SA as an interesting asset,” said one investment banker. “It will be surprising to see R&SA as an independent business in 12 months’ time.”
Possible suitors are thought to include insurers .
Tags:
Independent Business
Investment Banker
General Insurance
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