MEDIA ADVISORY - RSA Canada President and CEO Rowan Saunders Available for
Interviews Regarding GCAN Acquisition
TORONTO, Oct 4 /CNW/ - Rowan Saunders, President and CEO of RSA Canada, is available to speak to media regarding today's announcement of RSA's acquisition of commercial mid-market, small/medium enterprise, large risk and specialty insurer, GCAN.
- RSA purchased GCAN for approximately $420 million. With this transaction, RSA will become the fourth largest general insurer with pro forma gross written premiums for 2009 of approximately
$2.2 billion - GCAN is a leading Canadian mid-market large risks & specialty commercial insurer with a solid track record of profitability with a combined operating ratio (COR) of 81% in 2009 and an average COR over the last five years of 77%
- Completion of the transaction is subject to regulatory approval
Who: | Rowan Saunders, President and CEO of RSA Canada |
What: | Telephone, in-person or video interview |
Where: | RSA Canada Toronto office, 10 Wellington Street East, Toronto, Ontario |
When: | Monday, October 4th, 11:15am-12:00pm, 1:00-2:30pm |
For further information:
Media Contact: Samantha Kemp-Jackson, APEX Public Relations, (647) 999-1694, [email protected]
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