Zurich considers acquiring RSA

Since the news broke, RSA's share price has increased 14 percent

Zurich confirms it’s evaluating taking over RSA.

An insider says the Swiss insurer is considering offering 550p a share, or about 5.6 billion pounds, the Financial Times reports. That offer would be a premium of about a quarter to RSA’s closing share price on Monday.

Since the news broke, RSA’s share price has increased 14 percent.

UK takeover rules dictate that Zurich has four weeks to make an offer or walk away.

The announcement comes soon after Ace bought Chubb for $28 billion and Willis and Towers Watson merged in an $18 billion deal. 

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