Guardian Holdings Completes Acquisition of Royal & Sun Alliance Insurance

Guardian Holdings Limited has announced the successful completion of the acquisition of 100% of the issued share capital of Royal & Sun Alliance Insurance (Antilles) N.V. from the RSA Group and Maduro & Curiel`s Bank, through its Dutch subsidiary Fatum General Insurance N.V. (Fatum).

 

The purchase consideration of the transaction is US$ 18 million. All necessary approvals have been granted by the Central Bank of Curacao and St. Maarten and the Central Bank of Aruba. Regulators in the islands of Bonaire, Saint Eustatius and Saba, have also indicated their approval of the acquisition as well.