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RSA Canada has agreed to sell its majority share in Noraxis Capital Corporation to Arthur J. Gallagher & Co. The total aggregate price for the business is CAD $500m. After minorities, and including estimated excess working capital, RSA is expected to receive cash consideration of CAD $441m (£238m) subject to closing adjustments on completion. Read the full press release here.

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Putting Clients First
Noraxis was founded on a single premise: to support succession to leading Canadian insurance brokers who share a common set of principles of putting the clients first.