Zurich cautious on takeovers

Zurich Financial Services Chief executive Martin Senn said it would remain cautious about takeovers, despite declining premiums in its core business and enough capital to buy firms, the FT reports.

“There are clearly increasing opportunities in the market place. But we will not give up on the disciplines we have stressed in the past. Keep in mind, we are a value stock, not a growth stock. There’s a delicate balancing act we have to pursue.”