R&Sa May Tempt Bidders

Daily PostNovember 03, 2005

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Summary


LIVERPOOL-BASED insurer Royal & SunAlliance looked more likely to be taken over yesterday after it agreed to pay $11m to settle part of a legal action in the United States.

The payment to Wilmington Trust ends a legal dispute about insurance cover for Student Finance Corporation, R&SA said in a statement.

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R&Sa May Tempt Bidders

The settlement spawned market speculation that the Old Hall Street-based insurance group may be...

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