Switzerland & RSA
•
1 like•264 views
Andrew Leighton Chamberlain of Zurich, Switzerland and QROPS professional shares his most recent presentation on the company, Zurich's proposal to takeover RSA. Enjoy Andrew's personal Slideshare presentation and his whole profile. Thank you for visiting.
Recommended
Recommended
More Related Content
Viewers also liked
Viewers also liked (10)
Similar to Switzerland & RSA
Similar to Switzerland & RSA (9)
Recently uploaded
Recently uploaded (20)
Switzerland & RSA
- 1. Switzerland & RSA Andrew Leighton Chamberlain
- 2. ❖ In my home city of Zurich, Switzerland, the company Zurich has recently made a recommended £5.6 billion takeover proposal for the British company RSA! ❖ This proposal, if accepted, will allow one of the biggest and smoothest consolidations in the European Insurance Market
- 3. ❖ Zurich confirmed about a month ago that they were considering options and all the cards on the table! ❖ It was not until the last few hours did the company table the proposal for RSA! ❖ The proposal valued each RSA share at 550p! ❖ The shareholders of RSA will receive personal dividend payouts worth approximately 3.5p per share in the event the takeover is finalized! ❖ If the takeover does goes through the overall price will be grown to £5.63 billion
- 4. ❖ Analysts comment on the proposal and say that the “mooted” price was in the middle of the range that was expected by institutional shareholders in both Zurich and RSA! ❖ According to London’s Takeover Panel rules, Zurich will have to walk away if yesterday’s deadline of 5:00pm expired
- 5. ❖ Zurich is clearly excited about the takeover and are anxious for the process to be completed! ❖ Upon the interim results earlier this month, Zurich saw “significant benefits” from an RSA takeover! ❖ Zurich did however also comment that any capital deployment would need to meet the same hurdles that we apply to any other investment”
- 6. ❖ There is definitely something between this deal as half year results from RSA that were showcased earlier this month showed that group operating profits rose 84%! ❖ The profits are high and the company is a stable investment income for Zurich! ❖ The insurer had its UK profits at its highest levels since 2006 due to a much more disciplined approach to their business and the 10 year record high with its Canadian business
- 7. Andrew Leighton Chamberlain It will be interesting to see how this proposal shakes out and where Zurich and RSA land. Thank you for viewing my presentation.!