M&A Deal Summary

Rimac Seguros y Reaseguros S.A. Acquires Royal & SunAlliance Seguros Fenix

On February 12, 2004, Rimac Seguros y Reaseguros S.A. acquired insurance company Royal & SunAlliance Seguros Fenix from RSA

Acquisition Highlights
  • This is Rimac Seguros y Reaseguros S.A.’s 1st transaction in the Insurance sector.
  • This is Rimac Seguros y Reaseguros S.A.’s 1st transaction in Peru.

M&A Deal Summary

Date 2004-02-12
Target Royal & SunAlliance Seguros Fenix
Sector Insurance
Buyer(s) Rimac Seguros y Reaseguros S.A.
Sellers(s) RSA
Deal Type Divestiture

Target

Royal & SunAlliance Seguros Fenix

Miraflores, Peru
Royal & SunAlliance Seguros Fenix is a provider of general insurance and reinsurance policies, including life, vehicle, fire, freight, accident, theft, property, and other policies.

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Buyer(S) 1

Buyer

Rimac Seguros y Reaseguros S.A.

Lima,, Peru

Category Company
Founded 1896
Sector Insurance
DESCRIPTION

Rimac Seguros y Reaseguros S.A. is a provider of insurance services in Peru.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Peru M&A 1 of 1
Year: 2004 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 11 of 24
Sector: Insurance M&A 10 of 23
Type: Divestiture M&A Deals 9 of 21
Country: Peru M&A 1 of 1
Year: 2004 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-03 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.

Sell -
FOLLOWING 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