« Blue Cross - Brand v. Underwriting | Main | California Blue Cross gets hit and concedes. »

Zurich - St Paul merger. Not.

OK, for the last and final time, Zurich and StPaul-Travelers are not merging, one is not acquiring the other, there are no due diligence conversations going on, books have not been exchanged, and whatever else I can say to convince the rumour hounds that this one has no basis in fact.

Could they merge at some point in the future? Perhaps. But there are no substantive discussions going on today, and there would be if the two companies were thinking about doing a deal.

How do I know? And do I know with 100% certainty? No to the latter, but 95% yes. As to sources, colleagues in both organizations have been denying this for months, and StPaul-Travelers went so far as to issue a denial. And a pretty firm one at that.

Sheesh. I wonder if Oliver Stone is behind all this nonsense...

Posted by on September 24, 2006 7:55 PM |

Post a comment

Due to the growing number of spam comments, I have to ask you to do one more thing to get your comment posted. Just type in the text you see in the box below into the textbox to the right. That will prove you are a real human and not a computer system that is posting spam. Please be careful to enter in the right code; if you make a mistake the system may temporarily block you. If the authentication system is blocking you, try again in an hour. If you continue to be blocked, send your comment to jpaduda AT healthstrategyassoc DOT com and note that you would like your comment posted. Thanks.