Insurer RSA says up to Zurich to decide next move in mooted takeover

Zurich

ZURICH Insurance Group has reiterated its interest in RSA but stressed that it would not overpay for the British insurer, which said that the "ball is in Zurich's court" in determining what happens next in the possible takeover.

Cash-rich Zurich is weighing up a bid for RSA, a deal which would vault the Swiss insurer into the leader's seat in British commercial insurance and help with access to Canada, Scandinavia and Latin America.