(Bloomberg) -- RSA Insurance Group Plc Chief Executive Officer Stephen Hester said the company will attract bids from other suitors after Zurich Insurance Group AG abandoned its 5.6 billion-pound ($8.7 billion) offer for the British insurer.
“I am sure that this company will get other approaches in the future because it’s a consolidating industry and it’s an attractive company, but we are not looking for approaches and we are not talking to anyone else as we speak,” Hester said in a telephone interview Monday from London.
Hester, hired in 2014 to help the insurer recover from three consecutive profit warnings and an accounting scandal in Ireland, said RSA hadn’t received any other approaches since Zurich first registered its interest for the company in July.
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