We are delighted with the outcome of the Direct Line Group shareholder vote, approving the acquisition of NIG, FarmWeb and our partner proposition, UKI Business Solutions by RSA.
Sonya Bryson says “This is an important milestone and means that we can start working through the detail of our plans so that it’s a smooth transition for our people, our brokers, and our customers.
We firmly believe that this is a brilliant fit for us, our business will fully complement RSA’s existing UK commercial lines business. By joining forces, we’ll significantly strengthen RSA’s SME and mid-market platforms, broaden its broker distribution network and online capabilities as well as expand its current product offering. This gives us a solid foundation to drive forward our significant growth agenda”.
We anticipate that the economic transfer of the acquisition will complete this week, we will then be able to start discussing with RSA in detail our transition plans for the operational transfer of the business into next year.
In the meantime, it is very much business as usual. We will continue to keep you updated on progress and what those transitional plans mean to brokers and clients alike once timelines become clearer. Your continued support is much appreciated and as always, your usual contacts are on hand to answer any questions you may have.