M&A Deal Summary

AllState Diretto Assicurazioni Danni Acquires Royal & Sun Alliance Assicurazioni

On January 29, 2002, AllState Diretto Assicurazioni Danni acquired insurance company Royal & Sun Alliance Assicurazioni from RSA for 12M GBP

Acquisition Highlights
  • This is AllState Diretto Assicurazioni Danni’s 1st transaction in the Insurance sector.
  • This is AllState Diretto Assicurazioni Danni’s 0th largest (disclosed) transaction.
  • This is AllState Diretto Assicurazioni Danni’s 1st transaction in Italy.

M&A Deal Summary

Date 2002-01-29
Target Royal & Sun Alliance Assicurazioni
Sector Insurance
Buyer(s) AllState Diretto Assicurazioni Danni
Sellers(s) RSA
Deal Type Divestiture
Deal Value 12M GBP

Target

Royal & Sun Alliance Assicurazioni

Italy
Royal & Sun Alliance Assicurazioni SpA an intermediated general insurance business underwriting global general insurance business.

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Buyer(S) 1

Buyer

AllState Diretto Assicurazioni Danni

Milan,, Italy

Category Company
Sector Insurance
DESCRIPTION

AllState Diretto Assicurazioni Danni S.p.A. is a provider of insurance brokerage services.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Italy) 1 of 1
Year (2002) 1 of 1

Seller(S) 1

SELLER

RSA

London, United Kingdom

Category Company
Sector Insurance
Employees12,378
Revenue 6.9B GBP (2019)
DESCRIPTION

RSA is a multinational quoted insurance group. RSA has core operations in the UK, Scandinavia, Canada, Ireland, and Latin America, and has the capability to write business in around 140 countries. RSA is focusing on general insurance. RSA is based in London, the United Kingdom.


DEAL STATS #
Overall 1 of 24
Sector (Insurance) 1 of 23
Type (Divestiture) 1 of 21
Country (Italy) 1 of 1
Year (2002) 1 of 5
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-27 Compañía de Seguros de Vida La Construcción S.A.

Santiago,, Chile

Compañía de Seguros de Vida La Construcción, S.A. is a provider of insurance services, including underwriting of accident and health policies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-11 Royal & Sun Alliance International Financial Services

United Kingdom

Royal & Sun Alliance International Financial Services Limited sells a range of offshore life assurance and investment products via independent intermediaries (IFAs and brokers) targeted to high net worth investors in a number of global markets.

Sell £133M