Zurich Said to Arrange $8.4 Billion Bank Financing for RSA Bid

Updated on
  • Swiss insurer said to line up at least six banks for funding
  • Zurich is still conducting due diligence on British company

The entrance to the main building of Zurich Insurance is seen in Zurich.

Photographer: Adrian Moser/Bloomberg

Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, signaling the Swiss insurer is getting closer to proceeding with a formal offer.

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