Allianz looks at buying XL Group - report


Insurers including Allianz are expressing interest in buying XL Group, reports Bloomberg.

According to the article, interest from insurers is preliminary and may not lead to a deal, but sources told Bloomberg that Allianz was looking to grow its property & casualty business in the US and that XL was a potential target.

XL Group has a reported value of almost $10bn.

Both Allianz and XL Group declined to comment when approached by Insurance Age.

Allianz has made a number of acquisitions

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