Member Article

Zurich considers RSA Insurance takeover

Zurich Insurance Group has reacted to recent market speculation in relation to RSA Insurance Group and it has confirmed that it is evaluating a possible offer for RSA.

The insurance provider notes “there can be no assurance that any offer will be made” to acquire the Horsham-headquartered company.

Zurich, which is Europe’s third-largest insurer, has confirmed speculation surrounding its interest in acquiring RSA.

Run by former RBS boss Stephen Hester, RSA has a market value of about £4.5bn.

In an announcement on the London Stock Exchange, the insurer said: “A further announcement will be made in due course.”

This was posted in Bdaily's Members' News section by Ellen Forster .