RSA expects more bids after Zurich calls off takeover talks

Stephen Hester, CEO of London-based RSA Insurance Group P.L.C., has said that more bids from other suitors are expected for the insurer after Zurich Insurance Group Ltd. called off takeover talks, reported Irish Examiner.

"I am sure this company will get other approaches in the future because it's a consolidating industry and it's an attractive company," said Mr. Hester.

But Mr. Hester added that RSA is "not looking for approaches" currently.

Asian insurers may show interest in RSA's takeover, a Deutsche Bank A.G. official said.

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