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RoyalSun Restructuring Announced; 1525 Jobs Out

Friday, November 8, 2002 | 0

Royal & Sun Alliance Insurance Group plc (NYSE: RSA; LSE: RSA), the parent company of Royal & SunAlliance USA, yesterday announced a restructuring plan to strengthen its capital base and position the company for long-term profitability and growth, both globally and in the US. The plan is the latest step in an ongoing capital enhancement program that will enable the company to more fully benefit from current market conditions. The Group also announced its nine-month financial results today. Under the restructuring plan, Royal & SunAlliance's US organization will streamline opera...

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