M&A Deal Summary

IGI Insurance Acquires Royal & Sun Alliance Pakistan

On July 16, 2004, IGI Insurance acquired insurance company Royal & Sun Alliance Pakistan from RSA for 1M USD

Acquisition Highlights
  • This is IGI Insurance’s 1st transaction in the Insurance sector.
  • This is IGI Insurance’s largest (disclosed) transaction.
  • This is IGI Insurance’s 1st transaction in Pakistan.

M&A Deal Summary

Date 2004-07-16
Target Royal & Sun Alliance Pakistan
Sector Insurance
Buyer(s) IGI Insurance
Sellers(s) RSA
Deal Type Divestiture
Deal Value 1M USD

Target

Royal & Sun Alliance Pakistan

Pakistan
Royal & Sun Alliance Pakistan underwrites a general portfolio of mainly commercial business.

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Buyer(S) 1

Buyer

IGI Insurance

Karachi,, Pakistan

Category Company
Founded 1953
Sector Insurance
Employees122
DESCRIPTION

International General Insurance Company of Pakistan Limited, offers a wide range of general insurance products including Fire, Motor, Marine, Travel, Health Personal Accident and Home Insurance.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Pakistan) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 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 13 of 24
Sector (Insurance) 12 of 23
Type (Divestiture) 11 of 21
Country (Pakistan) 1 of 1
Year (2004) 3 of 3
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 Royal & SunAlliance Life UK

United Kingdom

Royal & SunAlliance Life UK is a provider of insurance services and products in UK.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-13 La Republica Compania Argentina de Seguros Generales SA

Buenos Aires, Argentina

La Republica Compania Argentina de Seguros Generales SA is a provider of insurance services and is based in Buenos Aires, Argentina.

Buy -