Royal Bank of Canada has announced the sale of Louisiana-based State National Fire Insurance Company to a Louisiana company. The terms of the transaction were not disclosed

Royal Bank acquired State National Fire as part of its purchase of Liberty Life Insurance Company and Liberty Insurance Services in November 2000.

“State National Fire’s business is focused on fire insurance, and this is not a core business for Liberty Life,” said Jim Westlake, chairman and CEO of RBC Insurance, the insurance operation of Royal Bank of Canada.

“Selling this business is consistent with our original plan for this company and is in keeping with our overall business strategy and organizational goals.”