M&A Deal Summary

RSA Acquires Codan A/S

On May 24, 2007, RSA acquired insurance company Codan A/S for 584M GBP

Acquisition Highlights
  • This is RSA’s 6th transaction in the Insurance sector.
  • This is RSA’s 0th largest (disclosed) transaction.
  • This is RSA’s 1st transaction in Denmark.

M&A Deal Summary

Date 2007-05-24
Target Codan A/S
Sector Insurance
Buyer(s) RSA
Deal Type Add-on Acquisition
Deal Value 584M GBP

Target

Codan A/S

Copenhagen,, Denmark
Codan A/S is a provider of personal and commercial insurance products in the Nordic and Baltic regions. Company offers personal and commercial lines, marine, and general insurance products and services.

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Buyer(S) 1

Buyer

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 6 of 17
Sector (Insurance) 6 of 17
Type (Add-on Acquisition) 5 of 14
Country (Denmark) 1 of 1
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-05 Royal Indemnity

Charlotte, North Carolina, United States

Royal Indemnity Company is a provider of property and casualty insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 Canadian Northern Shield Insurance

Vancouver,, British Columbia, Canada

Canadian Northern Shield Insurance Company is a provider of P&C insurer in British Columbia, with strong positions in property, liability and private auto.

Buy CA$75M