Zurich buys Oak Underwriting from RSA
Zurich says deal will give it "significant scale" in the HNW market.
Zurich UK has bought Oak Underwriting from RSA Insurance for an undisclosed sum.
According to Zurich the agreement will enhance its existing high net worth proposition, with a spokesperson for the insurer stating it will become one of the top three biggest HNW providers in the UK.
The insurer further noted that the deal will give it a broader distribution platform and enhanced regional presence.
Leader
Following the acquisition, Paul Glasper, Zurich’s head of specialist retail, who reports to
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