RSA Insurance surges on renewed bid talk -traders

Thu. August 28, 2008; Posted: 07:07 AM

LONDON, Aug 28, 2008 (Reuters via COMTEX) -- ZFSVF | Quote | Chart | News | PowerRating -- Shares in RSA Insurancer surged 5.4 percent by midday on Thursday as traders cited renewed market talk of bid interest from Zurich Financial Services .

RSA and Zurich Financial, whose shares were up 1.8 percent, were not immediately available for comment.

Another trader said RSA shares were also buoyed by comments from Swiss Life that it had not ruled out more acquisitions.

More than 14 million RSA shares changed hands by 1055 GMT, compared with a full-day average of 19.2 million in the past 30 days.

(Additional reporting by Lorraine Turner and Sven Egenter)

(Reporting by Dominic Lau) Keywords: RSA SHARES/ tf.TFN-Europe_newsdesk@thomsonreuters.com ajb

Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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