Admiral Group has accomplished the acquisition of RSA direct home and pet insurance coverage renewal rights for £82.5m.
There is an additional potential fee of as much as £32.5m depending on the variety of insurance policies efficiently migrated to Admiral.
The acquisition was introduced on 7 December 2023.
The transaction included the renewal rights for the “More Than” model and the switch of 300 individuals. It doesn’t embrace liabilities referring to present insurance policies which is able to stay with RSA.
Policies will begin renewing from Q3 2024.
Strategy
Milena Mondini de Focatiis, CEO of Admiral Group, stated: “We are accelerating our
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