BUZZ-RSA Insurance: to join global insurers exiting Asia
(.) RSA Insurance (LSE: RSA.L - news) is getting ready to exit Asia sources tell Reuters.
** Deal could fetch up to $500 million.
** Insurers considering bids include Sompo Japan Insurance, a unit of NKSJ Holdings (Other OTC: NHOLF - news) & France's AXA (Paris: FR0000120628 - news) .
** Australia's QBE Insurance Group and German insurer Allianz SE (Other OTC: ALIZF - news) also said to be weighing their options.
** RSA would join Aviva (Other OTC: AIVAF - news) , ING Groep (Amsterdam: INGA.AS - news) in trimming Asia exposure.
** RSA shares, up more than a fifth this year, have handily outperformed the FTSE 100.
** Shares up 1.2 percent on the day with about a third of an average day's volume changing hands till mid-morning.
(RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net; RM: denny.thomas.thomsonreuters.com@reuters.net)