Insurance Age

RSA takeover rumours boost share price

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Speculation linking RSA with a takeover bid has boosted the insurer’s share price by 3.1p to £1.27 at the close of business on the London Stock Exchange yesterday.

According to numerous press reports, the provider was at the centre of speculation of receiving a bid valuing the company at up to £7bn.

Insurers linked with the speculation included Aviva, Allianz, Generali and Zurich.

However yesterday Italy-based Generali told news agency Reuters that it "denied" rumours of any potential bid for RSA.

A spokesperson for RSA told Insurance Age: "We never comment on market speculation."

A Zurich spokesperson also said that the insurer doesn't comment on "market

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