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Royal Sun Alliance Insurance Group

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July 13, 1999 | Reuters
Britain's Royal & Sun Alliance Insurance Group launched an agreed-upon cash takeover bid worth about $1.36 billion for U.S. specialty insurer Orion Capital Corp. The takeover would double Royal & Sun's U.S. presence and move it further away from lower-margin insurance lines to higher-margin specialty insurance lines such as the nonstandard auto and workers' compensation policies that Farmington, Conn.-based Orion sells.
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BUSINESS
July 13, 1999 | Reuters
Britain's Royal & Sun Alliance Insurance Group launched an agreed-upon cash takeover bid worth about $1.36 billion for U.S. specialty insurer Orion Capital Corp. The takeover would double Royal & Sun's U.S. presence and move it further away from lower-margin insurance lines to higher-margin specialty insurance lines such as the nonstandard auto and workers' compensation policies that Farmington, Conn.-based Orion sells.
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