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Zurich won’t overpay for RSA: CEO | Canadian Insurance
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Zurich won’t overpay for RSA: CEO

In the first half of 2015, Zurich's operating profit in its general insurance unit fell 31 percent.

Zurich won’t overpay for RSA, CEO Martin Senn has said.

Read: Zurich considers acquiring RSA

The takeover would have to net the Swiss insurer a return of at least 10 percent, or Zurich would consider returning profits to shareholders.

Read: Zurich’s RSA offer would likely be all cash

In the first half of 2015, Zurich’s operating profit in its general insurance unit fell to $1.17 billion U.S. That’s 31 percent less than profits from the same time last year.

Read more.