RSA doubles market share in Quebec

Insurance giant RSA has acquired L'Union Canadienne, the third-largest intermediated motor and property insurer in Quebec.

Insurance giant RSA has acquired L'Union Canadienne, the third-largest intermediated motor and property insurer in Quebec.

"Quebec is the second largest property and casualty insurance market in Canada and delivers loss ratios which are better than the national average. This transaction accelerates our organic strategy in the province and enhances RSA's national proposition across both Personal and Commercial lines," the FTSE 100 firm said in a statement on Wednesday afternoon.

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