Johnson (owned by the RSA Group) office in Canada Intact and Tryg initially took joint control of RSA's Danish subsidiary Codan Denmark, but shortly thereafter announced plans to sell it to Alm. The transaction closed on 1 June 2021 under the deal, Intact acquired the main international RSA entity as well as its businesses in Canada and the UK, while Tryg took control of RSA's units in Sweden and Norway. This deal is considered one of the biggest takeover bids in Europe in 2020. In November 2020, the company received a £7.2 billion offer from Danish insurer Tryg and Canada's Intact Financial Corporation. In September 2015, RSA divested all its Latin American insurance operations to the Colombian insurance company Grupo Sura for £403 Million. Many non-core overseas operations were sold, disposals almost halving the size of the group, with the aim of aligning its strategic focus with its core markets. In 2014/15 Hester led a major restructuring of RSA to bolster its finances. On 4 February 2014, it was announced that Stephen Hester, former CEO of RBS Group would become CEO of RSA with immediate effect. ^ acquired Liverpool & London and Globe Insurance Company in 1919.^ founded by Nathan Mayer Rothschild and Moses Montefiore.
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