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RSA Insurance Group agreed to sell the insurance businesses of its branches in Singapore and Hong Kong to Allied World Assurance for about $216 million in cash as it retreats from markets.

Swiss Re agreed to buy a Chinese unit of the U.K.s RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects.

Swiss Re agreed to buy a Chinese unit of the U.K.s RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects.

British ministers will meet representatives of the insurance industry on Tuesday who will brief them on their progress in dealing with victims of winter floods across southern England.

According to a leading futurist, the real risk in the industry, may be the risk of doing nothingof failing to adapt to the rapid, and global, pace of change in a business that increasingly and continually must prove itself responsive to consumer needs, wants, expectations, and trends.

British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.

British insurer RSA blamed a handful of executives for accounting irregularities at its Irish division, attempting to draw a line under a scandal that left it with a $329 million hole in its finances.

Britain's insurers are preparing to pay out hundreds of millions of pounds in claims following a run of winter storms that have flooded homes and disrupted travel, though the absence of major damage should limit the impact on their 2013 results.