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Zurich says it won't overpay for RSA


Swiss insurer Zurich Insurance Group Ltd. has said that it would not overpay for the potential takeover of U.K.-based RSA Insurance Group P.L.C., reported Reuters.

RSA said that the "ball is in Zurich's court" to decide next move in the proposed takeover. Zurich Insurance is considering a bid for RSA that would help the Swiss insurer gain access to Scandinavia, Canada and Latin America. Martin Senn, Zurich Insurance's chief executive, said that any acquisition would have to provide a return on its investment of at least 10% before the addition of any debt.

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