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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.

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** 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)