Zurich Financial and Sampo believed to be assessing a bid
RSA is the latest insurer at the centre of stock market takeover speculation, with Zurich Financial and Sampo rumoured to be eyeing up a move.
The share price, which was 125p at the begining of the year, rose a further 2p to 136p this week on talk of a bid.
Shore Capital analyst Eamonn Flanagan said RSA could be a takeover target at some point this year. “It’s got good market positions in key territories and some emerging markets, and I think that makes it a viable prospect.”
Aviva rebuffed RSA’s attempts at a takeover last year. Meanwhile, investors speculated last month that Zurich Financial could target car insurer Admiral.
Zurich Financial, Sampo and RSA refused to comment.