RSA to buy L'Union for $150-million
Insurer RSA Canada says it has agreed to buy property and casualty insurer L'Union Canadienne for $150-million, expanding its footprint in Quebec. The home, car and business insurance company said Wednesday it will acquire the business from Co-operators General Insurance Company of Guelph, Ont. RSA Canada is part of a U.K.-based international insurance group that includes Royal & Sun Alliance. L'Union Canadienne employs more than 300 people across offices in Quebec City and Montreal and has a network of 150 brokers across the province. It was acquired by Co-operators in 1999. There are three RSA offices in Quebec with 200 employees. RSA Canada employs approximately 3,900 people and has a network of brokers across the country.