Delaware Commissioner approves acquisition of Royal Indemnity
The Delaware Insurance Commissioner has approved an application by Royal and Sun Alliance Insurance Group plc, a British insurance holding company, to sever its relationship with its US subsidiaries. The approval is subject to a number of conditions. The companies involved are Royal Indemnity Company, Security Insurance Company, Guaranty National Insurance Company, and Royal Surplus Lines Insurance Company. In the Matter of: The Proposed Acquisition of Royal Indemnity Company, Docket No. 313 (Del. Insur. Dept. Feb. 20, 2007).
