Zurich drops £5.6bn RSA Group bid

Carmen Reichman
clock

Zurich has withdrawn its £5.6bn bid for rival firm RSA group after suffering losses in its general insurance business.

Zurich first announced it was evaluating a potential offer for RSA on 28 July. It revived its attempt to acquire the rival business with a new proposed cash offer of 550p per share in August. But on 21 September it said: "Discussions with RSA have now been terminated. Zurich does not intend to make an offer to acquire the entire issued and to be issued ordinary share capital of RSA." Shares in RSA, which is run by former RBS boss Stephen Hester, had been trading firmly below the 550p mark at about 517p at the time of the August cash offer. But RSA told investors the termination ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

Enquiries for financial advice up by nearly a quarter following Budget

Sahar Nazir
clock 11 December 2025 • 1 min read
Pension sharing on divorce: Why professionals need to step up on PSOs 25 years on

Pension sharing on divorce: Why professionals need to step up on PSOs 25 years on

'Pensions still remain the most routinely overlooked asset in divorce'

Joanna Newton
clock 10 December 2025 • 4 min read
FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

Although good practice exists

Alex Sebastian
clock 09 December 2025 • 2 min read