Zurich investors approve $12.7bn share-issue plan

Zurich management won shareholder approval today to raise as much
as CHF12.685bn ($12.685bn) in capital by selling new shares in the
Swiss insurer to provide more flexibility, including seizing
M&A opportunities or dealing with "times of stress".
More than 81 percent of the votes cast by those attending the
company's annual meeting and their proxies favoured the
authorisation, according to a statement released late today in
Zurich. The company's shares closed today at CHF281.90.
The authoris