Zurich Insurance will not buy RSA
Zurich Insurance has withdrawn from talks with RSA and will not be making an offer to buy.
Although RSA stated there is nothing sinister in the outcome of the talks trading results for both companies are below what was expected.
Zurich has estimated that it would lose £177m from the explosion in a container storage facility in the Port of Tiajin in China.
Here at BJP we don’t think there is any case to worry. Relationships are strong and we still continue to trade proactively on a day to day basis.
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