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 $8.7 billion offer for the British insurer.

More than 400 residential buildings have been destroyed in Chile and more than 700 residential buildings have sustained major damage.

Zurich Insurance Group AG abandoned a $8.7 billion offer for RSA Insurance Group Plc as the Swiss company grapples with a surge in claims that will lead to a quarterly loss at its biggest unit.

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