German insurer in the frame as RSA share price climbs.
RSA faced further speculation about its future this week, with rumours of another potential suitor stalking the insurer.
In a week of heavy trading, RSA’s shares climbed to a one-year high of 169p on Friday, amid talk that German insurance giant Allianz was considering a potential bid for the business.
Last week, there was speculation that Zurich could mount a bid. RSA has faced speculation about its future for some time, particularly after it sold off its US non-life business two years ago.
Analysts suggest it could be an ideal acquistion for an overseas insurer looking to enter the UK or to expand its footprint in the region.
Last week, it was announced that UK chief executive Bridget McIntyre would be stepping down to spend more time with her family.
RSA shares were trading at 162.9p as Insurance Times went to press.
