Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, is advising RSA Insurance Group plc (RSA) on a fully underwritten rights issue to raise approximately £773 million (the Rights Issue).

Through the Rights Issue, which was announced on 25 March 2014, RSA is seeking to raise additional capital of approximately £748 million (£773 million gross proceeds before deduction of expenses of approximately £25 million) in order to meet its strategic needs while restoring the Group to what the Board believes to be an appropriate capital position.

J.P Morgan Cazenove and Bank of America Merrill Lynch are joint global coordinators, joint bookrunners and joint underwriters.

CONTACTS

Corporate: Andy Ryde (partner), Chris McGaffin (associate), Jack Mills (associate), Robyn Butler (associate), Francesca Harris (associate); Pensions and Employment: Roland Doughty (partner); Tax: Mike Lane (partner), Stefan Farahani (associate)

Paul, Weiss, Rifkind, Wharton & Garrison LLP: Corporate: Mark Bergman (partner), Patricia Vaz de Almeida (associate), Nitin Konchady (associate)