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Zurich tight-lipped on R&SA bid

Zurich Financial Services says its UK life insurance business grew 24 per cent to £2.6bn last year, but the life office would not confirm if it was to bid for rival Royal & SunAlliance.


On an annual premium equivalent basis, Zurich&#39s new business premiums rose by 12 per cent to £479m.


Investment sales soared by 37 per cent with the Threadneedle investment business seeing a doubling in sales through IFAs.


But Zurich&#39s life finance director Brian Thomas “could not be drawn” on prospects for a possible deal with R&SA explaining all possible acquisition and growth options were being routinely reviewed.



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