M&A Deal Summary

National Life & General Insurance Acquires RSA Middle East

On April 4, 2022, National Life & General Insurance acquired insurance company RSA Middle East from RSA

Acquisition Highlights
  • This is National Life & General Insurance’s 1st transaction in the Insurance sector.
  • This is National Life & General Insurance’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2022-04-04
Target RSA Middle East
Sector Insurance
Buyer(s) National Life & General Insurance
Sellers(s) RSA
Deal Type Divestiture

Target

RSA Middle East

Bahrain, United Arab Emirates
RSA Middle East is a provider of property and casualty insurance in the Middle East. It offers solutions for both commercial and retail clients, across a range of product lines, including motor, property, medical, SME as well as tailored solutions for large corporates. RSA Middle East is based in Bahrain, UAE.

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Buyer(S) 1

Buyer

National Life & General Insurance

Muscat, Oman

Category Company
Sector Insurance
DESCRIPTION

National Life & General Insurance is a provider of insurance solutions in Medical, Life and General Insurance segments. National Life & General Insurance is based in Muscat, Oman.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2022 M&A 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 24 of 24
Sector: Insurance M&A 23 of 23
Type: Divestiture M&A Deals 21 of 21
Country: United Arab Emirates M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-21 Sun Alliance Insurance

China

Sun Alliance Insurance (China) Ltd. is a provider of insurance services.

Sell £71M