Sun setting on British insurer in U.S.

• Position: CHARLOTTE

London-based Royal & Sun Alliance Insurance Group agreed to sell its Charlotte-based U.S. operations to management for $300 million. John Tighe, chief executive of Royal & Sun's U.S. operations since 2003, will head Arrowpoint Capital, which will be based in the Queen City. The deal is expected to close by the end of the year. Arrowpoint will have...