Liability Risk and Insurance
Independent developments
The fallout from the demise of Independent Insurance spreads apace. Tasty parts of the dismembered corpse have been snapped
up by other insurers.
Royal & SunAlliance (RSA) paid £3mn for Independent’s loss adjusting arm Property & Casualty Services and, in a separate deal, took on 450,000
local authority scheme policyholders and a cherrypick of commercial customers.