UK-based Royal & Sun Alliance Insurance Group has acquired Sertus Underwriting Limited in Ireland.
Royal & Sun Alliance said that the transaction is consistent with its strategy in Ireland of building leading positions in targeted segments.
Simon Lee, CEO of Royal & SunAlliance international businesses, said: We have a strong business in Ireland and a track record of delivering profitable performance. This transaction represents an exciting opportunity to combine technical excellence with strong distribution and supports the delivery of our objective of sustainable, profitable performance.