Zurich Insurance has revealed that it is considering making an offer for UK-based RSA Insurance.
In a recent release, Zurich said it noted “the recent market speculation in relation to RSA Insurance Group” and confirmed that it is “evaluating a potential offer”.
In the first quarter of 2015, profits at RSA were boosted by gains from disposals while group premium income also improved on the back of its restructuring programme.
Disposals in Singapore and Hong Kong generated a gain on sale £109 million for the business while it also announced disposals of minority interest in India and its UK Engineering Inspection business.