City firm strengthens Royal & SunAlliance ties acting on sale of life assurance operation to Friends Provident.
June 26, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Ashurst Morris Crisp has strengthened
its relationship with blue chip client Royal & SunAlliance (RSA) this month by advising the composite insurer on the £133m cash disposal of its Isle of Man-based life assurance operations to Friends Provident.
The sell-off of Royal & SunAlliance International Financial Services (RSAIFS) is part of RSA’s capital-raising programme and leaves the insurer more than halfway to achieving the £800m target from disposals that it announced in November.
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