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Royal & Sun Alliance Royal & Sun Alliance Insurance has acquired Sertus Underwriting, the Irish motor and household insurance firm with gross written premiums of £11m. 02-Apr-2008 Royal & Sun Alliance is to outsource printing plants in Birkenhead and Bristol to T-Systems of Germany in a £92m deal, with the transfer of 63 staff. 07-Nov-2007 Royal & Sun Alliance is to shed 500 of the 10,000 jobs in its UK insurance business, as part of a strategy to reduce costs by £70m. 09-Aug-2007 Royal & Sun Alliance is creating up to 125 jobs at its MoreThan insurance call centre in Peterborough. 21-Feb-2007 Royal & Sun Alliance is to shed 50 jobs at its Motobility division in Liverpool, as part of a previously-announced nationwide cost-cutting programme. 21-Aug-2006 Royal & Sun Alliance is planning to shed 1,000 jobs at insurance offices across the country, as part of a strategy to reduce annual costs by £130m over the next two years. 20-Jun-2006 Royal & Sun Alliance has sold Viking Insurance, its US-based non-standard auto insurance business, to Sentry for £114m. 01-Aug-2005 Royal & Sun Alliance has appointed Lazard to advise on the sale of its US motor insurance business, as part of a strategy to focus on UK general insurance. 14-Mar-2005 Royal & Sun Alliance Insurance Group is to sell its Japanese branch operations to American Home Assurance Company and AIU Insurance Company for £92m. 12-Nov-2004 Royal & Sun Alliance has announced plans to transfer a further 1,100 jobs to India over the next two years. 12-Oct-2004 Royal & Sun Alliance has sold its life assurance operations to Resolution Life Group for £850m. 02-Aug-2004 Royal & Sun Alliance has sold its general insurance operations in Pakistan to International General Insurance for £0.7m. 19-Jul-2004 Royal & Sun Alliance has sold its Scandinavian life and pensions business to SEB Trygg of Sweden for £173m. 28-Jun-2004 Royal & Sun Alliance is in negotiations to sell its closed life business to Resolution Life Group for about £900m. 21-Jun-2004 Royal & Sun Alliance is to close a claims centre and a customer accounts centre in Leeds, with the loss of 180 jobs. 29-Apr-2004 Royal & Sun Alliance has sold its insurance operations in Peru to Rimac Internacional for about £12m. 13-Feb-2004 Royal & Sun Alliance is to close its MoreThan insurance office in Ipswich with the loss of 240 jobs, while its Hinckley call centre will also close with the loss of 108 jobs. 05-Dec-2003 Royal & Sun Alliance is to close two Corporate Commercial offices, with the loss of 34 jobs in Liverpool and 52 in Reading. 28-Nov-2003 Royal & Sun Alliance is planning to dispose of its 50,000 sq ft Mayfair headquarters and consolidate its London-based staff at its Leadenhall Court site. 10-Nov-2003 Royal & Sun Alliance has sold its Sequence UK estate agency business to the Connells subsidiary of the Skipton Building Society. 23-Oct-2003 Royal & Sun Alliance has sold its mortgage insurance business to PMI Group of the US for a nominal sum. 07-Oct-2003 Royal & Sun Alliance is looking to sell its chain of 360 estate agents, and Cendant of the US is thought to be interested. 15-Sep-2003 Royal & Sun Alliance is to shed a further 1,000 jobs in its general insurance business, and has also announced a £960m rights issue. 05-Sep-2003 Royal & Sun Alliance has sold its Royal Specialty Underwriting business in the US to Alleghany Insurance for £72m, while its Puerto Rican subsidiary has been sold to Cooperativa de Seguros Multiples for £38m. 10-Jun-2003 Royal & Sun Alliance has sold its UK private medical insurance business to a management team backed by Barclays Private Equity for £147m. 07-Apr-2003 Royal & Sun Alliance is looking to raise up to £800m from the flotation of its Promina insurance subsidiary in Australia and New Zealand. 01-Apr-2003 Royal & Sun Alliance has announced a £300m deal to outsource the administration of its closed life insurance operations to Unisys, which will involve the transfer of 1,700 staff in Liverpool and Horsham. 13-Feb-2003 Royal & Sun Alliance is to sell Tyndall Investment Managers of Australia to James Fielding Holdings for £10m. 07-Feb-2003 Royal & Sun Alliance is looking to raise up to £300m from the sale of its medical insurance division. 30-Dec-2002 Royal & Sun Alliance is to sell its Securitas subsidiary in Germany to Baloise of Switzerland for up to £58m. 25-Nov-2002 Royal & Sun Alliance is considering plans to move out of its Berkeley Square headquarters in London, as part of a strategy to reduce the number of UK offices from 80 to 40. 12-Nov-2002 Royal & Sun Alliance has announced plans to shed a further 900 jobs in the UK, outsource the jobs of the 2,200 staff administering its closed life business and dispose of operations in Australia, New Zealand and the US. 08-Nov-2002 Royal & Sun Alliance is to expand its MoreThan insurance call centre in Sunderland, with the creation of 60 jobs before the end of the year. 05-Nov-2002 Royal & Sun Alliance is to shed 200 jobs at its Strategic Change & IS sites in Horsham, Liverpool, Bristol, Halifax, Manchester, London, Chelmsford and Bournemouth. 16-Oct-2002 Royal & Sun Alliance is to reorganise its Morethan financial services division and cut its personal insurance lines business from seven centres to four, with the closure of a Birmingham office and the loss of about 150 jobs in Glasgow. 25-Sep-2002 Royal & Sun Alliance has announced plans to shed 1,200 jobs and close its life business, in order to focus on general insurance. 09-Aug-2002 Royal & Sun Alliance is to sell its Bristol-based group risk protection business to Canada Life for £60m, which will involve the transfer of about 200 staff. 30-Jul-2002 Royal & Sun Alliance is to sell its Isle of Man-based life assurance operations to Friends Provident for £133m, as part of a strategy to focus on general insurance. 12-Jun-2002 Royal & Sun Alliance Insurance Group is to sell its life and general Benelux subsidiaries to Achmea of the Netherlands for £77m. 20-May-2002 Royal & Sun Alliance has sold its investment division to Friends Ivory & Sime for £240m, which will involve the transfer of 300 staff. 01-May-2002 Royal & Sun Alliance is looking to sell off its Tyndall life insurance and fund management business in Australia and New Zealand. 18-Apr-2002 Royal & Sun Alliance is to close its French general insurance operation to new business with the loss of 100 jobs over the next few years. 07-Mar-2002 Royal Bank of Scotland has acquired the Italian direct motor insurance division of Royal & Sun Alliance for £12m, as part of a strategy to expand its Direct Line business into continental Europe. 30-Jan-2002 IBM is seeking a suitable site in Liverpool for an IT service centre for 100 staff to handle a contract with Royal & Sun Alliance, and the deal involves the transfer of 285 R&SA employees at sites including Horsham, Bristol and Halifax. 17-Dec-2001 Royal & Sun Alliance Property Investments is planning a £3.5m extension of the Hill Street shopping centre in Middlesbrough by October 2002. 28-Nov-2001 Royal & Sun Alliance is planning to raise £800m through a programme of unspecified disposals over the next year, and the proceeds will be used to expand its general insurance business. 09-Nov-2001 Royal & Sun Alliance is to acquire Seguros BBV Probursa, the Mexican insurance company, for £29m. 19-Jul-2001 Royal & Sun Alliance is considering plans to break up its life assurance business, in order to attract bids from smaller companies. 16-Jul-2001 Royal & Sun Alliance has agreed to buy the property and casualty services arm of collapsed Independent Insurance for almost £3m, securing 300 jobs. 10-Jul-2001 Royal & Sun Alliance is to sell its Canadian life insurance business to the Maritime Life Assurance Company for £110m. 20-Jun-2001 Capita is to buy the corporate trustee business of Royal & Sun Alliance for £24m, and will also acquire the remaining 68.5% of the Myshares software business for £2m. 18-May-2001 Royal & Sun Alliance has sold its Swinton insurance broking business to MMA of France for £54m. 04-May-2001 Royal & Sun Alliance is planning a £6m refurbishment of the Pavilions shopping centre in Birmingham, in order to improve the interior and exterior appearance. 20-Mar-2001 Royal & Sun Alliance is to combine its banking and treasury operations onto a single site in Liverpool employing 46 staff, which will mean the closure of units at Bournemouth, Bristol and Halifax by mid-2001. 22-Dec-2000 Royal & Sun Alliance is to sell its Italian life assurance business to Veneto Banca for £52m, but will retain its four general insurance operations in Italy. 30-Oct-2000 Royal & Sun Alliance and Standard Life have won licences to move into the deregulated Indian insurance market, and they will both operate in partnership with local companies. 24-Oct-2000 Royal & Sun Alliance is considering plans to acquire If, the Scandinavian non-life insurance group valued at up to £1.4bn. 01-Sep-2000 Royal & Sun Alliance is considering plans for a partial flotation of its fund management arm, in order to boost its share price. 28-Aug-2000 Royal & Sun Alliance is forming a joint venture with Sundaram Finance to launch non-life insurance products in India. 12-Apr-2000 Royal & Sun Alliance has announced plans to invest £40m in the creation of an internet venture to sell life and general insurance. 03-Mar-2000 Royal & Sun Alliance is to reorganise its UK life assurance business, which will involve the disposal of its tied agents operation and the loss of several hundred sales jobs. 06-Sep-1999 Royal & Sun Alliance is to acquire Orion Capital Corporation for £900m, in order to double the size of its US insurance business. 13-Jul-1999 Royal & Sun Alliance has acquired Trygg-Hansa's non-life operations from SEB of Sweden for £320m, in order to expand its Nordic insurance business. 22-Jun-1999 Royal & Sun Alliance is setting up a Bermuda-based reinsurance vehicle in partnership with Aon and Ace Bermuda Insurance in order to provide alternative risk capacity. 20-May-1999 Royal & Sun Alliance is acquiring a 60% stake in PBK Zycie, the Polish life insurer, for £8m. 12-Mar-1999 Royal & Sun Alliance is selling its US life insurance operations to Swiss Re Life & Health for about £240m, in order to focus its US business on general insurance. 05-Mar-1999 Royal & Sun Alliance is planning to acquire Tyndall Australia, the insurance and fund management group, for £300m. 17-Feb-1999 Royal & Sun Alliance is in discussions to acquire Guardian Royal Exchange for about £3.4bn, although a number of other insurance companies are also interested in making a bid. 23-Jan-1999 CGU is acquiring Tellit Assurance, the French general insurer, from Royal & Sun Alliance for £7m. 19-Jan-1999 Royal & Sun Alliance is acquiring Financial Structures of Bermuda from Pitney Bowes Credit for £16m. 26-Dec-1998 Royal & Sun Alliance is to close its customer service centres in Brighton and Horsham next year with the loss of 290 jobs. 27-Nov-1998 CGU is acquiring three Greek insurance companies from Royal & Sun Alliance for £3.6m. 26-Nov-1998 Royal & Sun Alliance has bought Guardian Royal Exchange's New Zealand life business for £58m. 18-Nov-1998 Royal & Sun Alliance has abandoned plans to merge its Royal Life and Sun Alliance life funds, but denies that the decision was prompted by policyholders claiming the move would be unfair. 14-Nov-1998 Royal & Sun Alliance is to make an unspecified number of jobs cuts, and its UK general insurance operation is expected to be hardest hit. 06-Nov-1998 Royal & Sun Alliance is planning a review of its capital structure in order to improve efficiency, which could result in the transfer of surplus US funds to the development of its personal investment business. 07-Aug-1998 The Post Office is to introduce a range of personal and household insurance products for sale over its counters, in partnership with Royal & Sun Alliance. 15-Jun-1998 Royal & Sun Alliance is considering plans to expand its insurance business in the emerging markets of Latin America and the Pacific Rim, instead of making a large acquisition in continental Europe. 20-May-1998 Royal & Sun Alliance is acquiring J Haenecour, the Belgian marine underwriter, for under £5m. 15-Apr-1998 Royal & Sun Alliance has confirmed that it has become the first UK insurer to win a licence to operate in China, and it is expected to start by offering policies in Shanghai. 03-Apr-1998 Royal & Sun Alliance is expecting to become the first UK company to win approval to offer insurance in China next week. 27-Mar-1998 Royal & Sun Alliance is acquiring the New Zealand life assurance and investment operation of Norwich Union for £54m, which will enable it to cut costs and improve distribution in the Pacific Rim region. 07-Mar-1998 Royal & Sun Alliance is looking to build up its life assurance and asset management business through acquisition as part of a newly-announced restructuring that will also see it expand overseas. 06-Mar-1998 Jarvis has reached agreement to undertake domestic property repairs for Royal & Sun Alliance policyholders, in a £26m three-year deal. 21-Jan-1998 Sainsbury's Bank is moving into household insurance in conjunction with Royal & Sun Alliance. 20-Jan-1998 Royal & Sun Alliance is to invest £24m in its Argentine business in order to increase its market share in personal, commercial and maritime insurance. 24-Nov-1997 Royal & Sun Alliance is acquiring a 40% stake in La Construccion, the third largest life assurer in Chile, for £75m. 13-Nov-1997 Delta's plumbing products division has acquired National Vulcan Safety Products from Royal & Sun Alliance for £4.5m. 15-Oct-1997 Royal & Sun Alliance has acquired AMEV (General), the Irish non-life operation of Fortis Group, for £12m. 27-Jun-1997 Royal & Sun Alliance has sold Sun Alliance International Life Assurance, its Guernsey-based subsidiary, to Generali of Italy for £15m. 14-May-1997 Royal & Sun Alliance is acquiring the Italian life assurance and pensions business of Prudential for £46m. 11-Apr-1997 Royal & Sun Alliance has acquired the individual life portfolio of Gerling Global Life in Canada, worth £42m. 25-Mar-1997 Royal & Sun Alliance has acquired the non-life insurance business of Bank Argentaria, the Spanish bank, for about £20m. 05-Feb-1997 Royal & Sun Alliance has sold Newark, its personal lines insurance business in New Jersey to the Robert Plan Corporation. 07-Jan-1997 Royal & Sun Alliance has increased its stake in Royal Caribe, the Venezuelan insurer, from 20% to almost 100% at a cost of about £15m. 24-Dec-1996 Royal & Sun Alliance is acquiring 60% of Connelly Temple, the Australian pensions business, for about £9m. 27-Nov-1996 Royal & Sun Alliance has sold its 78% stake in Prosure, the South African insurer, to Mutual & Federal of South Africa, for £98m. 26-Oct-1996 Royal & Sun Alliance is looking for buyers for its 80% stake in Protea Asssurance of South Africa. 04-Sep-1996 Royal & Sun Alliance, the recently-merged insurance group, is planning to close 94 high street offices, with the loss of 1,300 jobs. 01-Aug-1996 Royal & Sun Alliance, formed from the merger of Royal Insurance and Sun Alliance, has made its debut on the stock market, and is now preparing to make cost savings of £175m a year by eliminating duplicated activities. 20-Jul-1996 More from the Financial Services sector Related pages: UBS Capita Group Nomura ING Group Close Brothers Royal & Sun Alliance website: www.royalsunalliance.co.uk The information on this page comes from the UK Activity Report. 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