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Zurich Insurance to use excess cash for bolt-on acquisitions, investor payout: CEO

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Martin Senn, chief executive of Zurich Insurance Group Ltd., has said that the insurer expects to "deploy $3 billion of excess capital by the end of 2016" to raise returns to investors and for smaller-scale acquisitions, reported Reuters.

"We would view the most likely outcome for capital deployment to be through a combination of bolt-on acquisitions and cash returns to investors," said Mr. Senn.

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