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BUZZ-RSA Insurance: Market cheers 550p offer from Zurich

** RSA Insurance (LSE: RSA.L - news) top gainer on FTSE 100 on a 550 pence all-cash takeover proposal from Zurich Insurance (Xetra: ZFI1.DE - news)

** Offer values RSA at 5.6 bln stg

** More than half of stock's moving avg traded in the first 15 minutes of trade

** Stock hits early August highs of 528p

** 550 pence offer proposal is 11 pct premium to RSA's closing price on Monday

** If the deal goes through, it will mark one of the biggest insurance deals in Europe (aashika.jain@thomsonreuters.com)