RSA to focus on small non-UK acquisitions
Simon Lee, group CEO at RSA, has confirmed the provider would be targeting smaller acquisitions outside the UK and was not seeking to make a major billion pound purchase.
"You never say never, but my focus is firmly on bolt-on acquisitions," he told Reuters in Toronto.
Mr Lee explained that the level of acquisitions would be up to the C$420m (£267m) it paid for Canada's GCAN insurance in 2010.
"I feel it's incumbent on me to fund our growth from our own resources, and that means not going to the equity markets," he said.
"That creates effectively a cap on the size of the acquisition that we would undertake."
He also effectively ruled out the possibility of the
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