NU Online News Service, June 19, 12:15 p.m. – Maritime Life, Halifax, Nova Scotia, has agreed to acquire Royal & Sun Alliance Life Insurance Company of Canada, Oakville, Ontario, from its parent company, Royal & Sun Alliance Insurance Group P.L.C., London, for Canadian $235 million.
The acquisition price amounts to U.S. $153 million, based on an exchange rate of $1=Canadian $1.53, as of June 19.
The deal is scheduled to close in October.