Unconfirmed reports claim Zurich Australia will announce the sale of its research group, Lonsec, today.
It is understood that the reported three live bidders vying for the research group is now down to two, with Bell Financial one of them and an industry superannuation fund the other.
A Bell Financial spokesperson would not comment on market speculation.
Late last month, Zurich refused to make any comment on the possible sale of Lonsec, despite industry rumours.
At the time, it was believed the three unnamed bidders were made up of one small company and two companies with market capitalisations of more than $1 billion.
A Zurich spokesperson would not comment on any claims relating to the potential sale of Lonsec or speculate on any bidders.
"We don't comment on any speculation," the spokesperson said.
Market speculation about a Lonsec sale began in April.
