Suncorp Group Limited (ASX:SUN) has informally approached Zurich Insurance Group AG (SWX:ZURN) to gauge whether the company would revisit a sale of its local general insurance arm, as the financial services group considers bulking up despite the divestment of its bank hanging in the balance. Sources close to the moves told The Australian on 05 January 2023 that Suncorp sought preliminary discussions about making an offer for Zurich's Australian general insurance arm, to pry the unit loose. The Australian is not suggesting a bid was made, just that Suncorp initiated an informal approach.

A Suncorp spokesman declined to comment, while a Zurich spokesman said the company had a policy not to comment on any potential deal activity.