British insurer RSA has received a takeover offer of £7.2bn from Canada-based Intact Financial and Danish firm Tryg, with individual offers amounting to £3bn and £4.2bn respectively.

The cash bid priced RSA at 685 pence per share, according to a 6 November joint statement with the two bidders. Shareholders will receive an dividend of 8 pence per share, in line with the insurer's earlier announcements.