NU Online News Service, Aug. 20, 10:56 a.m. – Zurich Financial Services Group, Zurich, may be putting Zurich Kemper Life, Long Grove, Ill., its U.S. life insurance subisidary, up for sale for about $1.5 billion.
The Sunday Telegraph, London, a British newspaper, reported that Zurich has hired Morgan Stanley Dean Witter & Company, New York, to help it find buyers.
A spokesman for Zurich Kemper Life declined to comment on the rumors.
The Telegraph has posted the story on its Web site, at http://money.telegraph.co.uk/money/main.jhtml?xml=%2Fmoney%2F2001%2F08%2F19%2Fcnzur19.xml
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