The 300-year-old More Than owner accepts bid from Intact of Canada and Nordic firm Tryg

RSA, the 300-year old insurer that owns the More Than brand, has agreed a £7.2bn takeover from two overseas insurers that will result in the breakup of one of the FTSE 100’s oldest companies.

The board of the London-headquartered company has accepted an all-cash offer from the Canadian insurer Intact Financial Corporation and the Nordic insurer Tryg.