Zurich seeks “more time” on RSA deal
Reports say talks progressed over the weekend but suggest that Zurich will ask for extra time as bid deadline looms.
Zurich has requested more time to place a bid for RSA according to reports in the Financial Times (FT).
The paper reported that "people familiar with the matter" had advised it was likely that RSA would agree to Zurich's request.
The FT said that "Zurich was calling for more information on RSA's £8bn pension scheme" and asking for the "regulators' view on its balance sheet under new capital requirements" along with more time to understand them.
Deadline
The bid deadline for Zurich to make an
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