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Zurich abandons RSA deal
- 21/09/2015
- Posted by: Simon Wait
- Category: News
Zurich Insurance has announced that it has finished discussions with RSA and does not plan to make a bid. The insurer had previously announced in July that it was considering buying RSA for £5.6bn. RSA said that Zurich's decision not to proceed had not been a result of anything unexpected in the due diligence [...] -
RSA exit personal lines motor market
- 13/08/2015
- Posted by: Simon Wait
- Category: News
Insurance provider RSA, has confirmed it is to withdraw fully from the personal lines broker motor market, ceasing to write new and renewal business from 1 November 2015. The move follows the insurer in May 2014 announcing it was exiting all motor-only personal lines broker relationships. Post reported 800 brokers [...] -
Zurich comments on RSA offer
- 30/07/2015
- Posted by: Simon Wait
- Category: News
Zurich Insurance Group has said that any offer it might make for British rival RSA would likely be in cash, a day after it said it was evaluating a potential offer. The bid by the Swiss firm for RSA Insurance Group could top £5.1 billion, a further example of consolidation in the sector at a time of tighter [...] -
FTSE boosted by potential RSA takeover
- 28/07/2015
- Posted by: Simon Wait
- Category: News
Zurich Insurance has said it is considering a bid for RSA Insurance, the owner of the More Than brand. The Swiss firm said, ‘Zurich notes the recent market speculation in relation to RSA Insurance Group and confirms that the company is evaluating a potential offer.’ There is 'no assurance that any offer will [...] -
RSA receives ABS approval
- 13/03/2015
- Posted by: Alan Feldberg
- Category: News
RSA has become the third insurer to link up with law firm Parabis Group to launch an alternative business structure. It follows Direct Line and Saga in establishing a legal structure with the firm. The new outfit, known as RSA Law, received approval from the Solicitors Regulation Authority on 5 March and its [...]