M&A Deal Summary

Swiss Reinsurance Co. Acquires Sun Alliance Insurance

On May 21, 2015, Swiss Reinsurance Co. acquired insurance company Sun Alliance Insurance from RSA for 71M GBP

Acquisition Highlights
  • This is Swiss Reinsurance Co.’s 5th transaction in the Insurance sector.
  • This is Swiss Reinsurance Co.’s 2nd largest (disclosed) transaction.
  • This is Swiss Reinsurance Co.’s 1st transaction in China.

M&A Deal Summary

Date 2015-05-21
Target Sun Alliance Insurance
Sector Insurance
Buyer(s) Swiss Reinsurance Co.
Sellers(s) RSA
Deal Type Divestiture
Deal Value 71M GBP

Target

Sun Alliance Insurance

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

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Buyer(S) 1

Buyer

Swiss Reinsurance Co.

Zurich, Switzerland

Category Company
Founded 1863
Sector Insurance
Employees11,622
DESCRIPTION

Swiss Reinsurance Company Ltd, generally known as Swiss Re, is a Swiss reinsurance company. It is the world’s second-largest reinsurer, after having acquired GE Insurance Solutions.


DEAL STATS #
Overall 5 of 6
Sector: Insurance M&A 5 of 5
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 Aurora National Life Assurance Co.

Valencia, California, United States

Aurora National Life Assurance Company services a wide variety of individual and group life insurance and annuity products, including single and annual premium whole life, term life, deferred and immediate annuities, and qualified retirement annuities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Guardian Financial Services

Lancashire, United Kingdom

Guardian Financial Services Ltd. is a provider of insured Life and Pensions products for over 180 years.

Buy £1.6B

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 23 of 24
Sector: Insurance M&A 22 of 23
Type: Divestiture M&A Deals 20 of 21
Country: China M&A 3 of 3
Year: 2015 M&A 4 of 4
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 RSA Hong Kong

Hong Kong, China

RSA Hong Kong Limited operates as a general insurance company that provides personal and commercial insurance solutions in Hong Kong.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 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.

Sell -