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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Legal & General climbs on Zurich bid talk

Insurance might not seem the most exciting topic in the world, but the sector seems to be buzzing with activity and speculation at the moment.

Hard on the heels of RSA Insurance Group's £5bn approach for the general insurance business of Aviva - summarily rejected - came talk that French group Axa might be taking a look at Aviva too.

Today Legal and General shares have climbed early 3% - up 2.7p to 95.95p - on speculation that it could face a bid from Zurich Financial. L&G has in the past been touted as a target for Clive Cowdery's Resolution group, which recently bought Axa's UK life business.

And of course Prudential tried to buy AIG's Asian operations before abandoning the deal.

Aviva has slipped 4.6p to 392.7p today, while RSA is down 0.6p at 124.8p, Prudential is up 2.5p at 586p and Resolution is off 1.7p at 252.6p.

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