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Europe

  • Life insurance
    Allianz said to be planning to offload large U.S. life portfolio

    Europe’s largest insurer is discussing a potential reinsurance deal for a portfolio with tens of billions of dollars in assets and liabilities, according to the people. It is working with advisers on the possible transaction, the people said, asking not to be identified because the information is private.

    September 24
    An illuminated Allianz SE logo on the company's offices at dawn in the La Defense business district in Paris, France, on Thursday, Jan. 21, 2021. The shift of jobs and assets to Paris after Brexit will accelerate this year, providing Europe with an opportunity to strengthen its own financial infrastructure, according to Bank of France Governor Francois Villeroy de Galhau. Photographer: Benjamin Girette/Bloomberg