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Zurich says weighing up bid for British insurer RSA

Reuters - UK Focus

ZURICH, July 28 (Reuters) - Zurich Insurance (Xetra: ZFI1.DE - news) said on Tuesday that it is weighing up a bid for RSA Insurance Group PLC, a British insurer with a market capitalization of 4.4 billion pounds ($6.85 billion).

"Zurich notes the recent market speculation in relation to RSA Insurance Group PLC and confirms that the company is evaluating a potential offer," the Swiss insurer said in a brief statement on Tuesday.

"This announcement does not amount to a firm intention to make an offer and there can be no assurance that any offer will be made." ($1 = 0.6420 pounds) (Reporting by Katharina Bart; Editing by Richard Pullin)