UK-based Insurer Royal & Sun Alliance is expected to sell its 21.5 per cent stake in NM Rothschild & Sons, according to a report in the Fina...

UK-based Insurer Royal & Sun Alliance is expected to sell its 21.5 per cent stake in NM Rothschild & Sons, according to a report in the Financial Times . The newspaper gave no financial details of the possible deal. It said it may help Rothschild expand in Asia where it has been trying to build links. It is not clear how the sale of the substantial share in Rothschild would affect the bank, which has a sizeable private client business. WealthBriefing was unable to reach Rothschild for comment yesterday. Rothschild has around £1 billion ($1.82 billion) of private client assets under management. The sale would cut ties between RSA and the Rothschild banking dynasty that date back to 1824 when Nathan Mayer Rothschild formed Alliance Assurance, a predecessor to RSA.