AIG linked with potential bid for Royal & SunAlliance
Royal & SunAlliance are at the centre of a US bidding war, according to a number of reports.
Shares in the company have risen sharply amid rumours that US insurance giant AIG may be set to buy the group.
Finnish insurer Sampo has ruled out a bid for Royal and SunAlliance, following speculation that it was interested in making an offer.
Sampo’s chief executive Bjorn Wahlroos was reported to have ruled out a bid out, stating that the company did not have the “slightest interest in making our way into the British non-life insurance market”.
