Direct Line’s shareholders approve acquisition of commercial lines portfolio by Intact’s RSA

19 October 2023

The proposed acquisition of Direct Line’s brokered commercial lines operations by Canadian insurer Intact, the parent company of Royal & Sun Alliance (RSA), has been approved by Direct Line’s shareholders.

The transaction is expected to close on 26 October, upon the payment of a £520mn cash consideration.

Direct Line’s shareholders voted overwhelmingly in favour of the acquisition –99.97%

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