Offer to buy RSA Q&A

You might have seen that an offer has been made by a consortium of two companies to buy RSA. This does not change the way you deal with us at the moment. All policies, claims and other interactions with us will continue as usual.

You can read RSA’s announcement to the stock market relating to this offer here.

Below is some more information to help answer any questions you might have at the moment.

I heard you are being taken over by another company, is this right?

An offer has been made to buy RSA by a consortium of two companies – Intact from Canada, and Tryg from Denmark. If the offer is accepted by our shareholders and other offer conditions met, Intact would retain RSA’s Canadian and UK & International operations and obligations, while Tryg would retain RSA’s businesses in Sweden and Norway. The two parties would jointly own RSA’s business in Denmark, with Intact having day to day control.

When do you think the takeover will complete?

Even if RSA’s shareholders accept the offer and the other conditions to the offer (including regulatory approvals) are met, it’s not expected that the deal would complete before the second quarter of 2021.

What does this mean for my policy?

There is no change to your policy, and it will continue running as it is until its existing end date.

What if I need to make a claim?

You should make a claim in the usual way, and it will be handled in exactly the same way.

I’m in the middle of a claim, do I have to speak to someone else now?

No, we will continue handling your claim in exactly the same way.

My policy is up for renewal in/after Q2 2021, who will I do business with then?

For customers in the UK & International business: We’re not expecting any change to how we offer and sell products, and you will receive renewal information in advance of that date from us as you normally would.

For customers in Canada: At the moment it’s too soon to say exactly, and the deal is still in the offer stage so we won’t know more until it’s been accepted by RSA’s shareholders and we continue towards completion. But we are committed to keeping our customers and distributors up to date along the way so you will be in the best position to make a decision about your future insurance needs.

For customers in Denmark: The expectation is that Codan will continue to operate as it currently does for some time after any deal completes. We are committed to keeping our customers and distributors up to date along the way so you will be in the best position to make a decision about your future insurance needs.

For customers in Norway or Sweden: At the moment it’s too soon to say exactly, and the deal is still in the offer stage so we won’t know more until it’s been accepted by RSA’s shareholders and we continue towards completion. We are committed to keeping our customers and distributors up to date along the way so you will be in the best position to make a decision about your future insurance needs.