The British insurer ROYAL AND SUN ALLIANCE sold its three Spanish subsidiaries to the American group LIBERTY MUTUAL OF BOSTON for around GBP 134 million. The three subsidiaries sold are ROYAL AND SUN ALLIANCE SA, ROYAL AND SUN ALLIANCE VIDA Y PENSIONES and REGAL INSURANCE CLUB SA. These sales enter into the framework of the group's strategy, which wants to concentrate on general insurance and no longer have subsidiaries in the regions, which are not considered as a priority. The British...