Allianz Seeks Buyers
World Economy

Allianz Seeks Buyers

Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global overhaul in a tough low-interest rate environment, sources with direct knowledge of the matter said, Reuters reported. The South Korean asset is attracting interest from Chinese names such as Anbang Insurance Group and Fosun International who are considering bidding, said the sources. One of the people said the asset is valued at $500 million. US insurer Prudential Financial and domestic South Korean financial institutions are also examining making a bid.


Short URL : http://goo.gl/hjcYEJ
  1. http://goo.gl/rE1DfF
  • http://goo.gl/ZaXkeV
  • http://goo.gl/d15SvG
  • http://goo.gl/f7k92C
  • http://goo.gl/BqqU4v

You can also read ...

WB Predicts Myanmar Growth at 6.7 Percent
Given the government’s efforts to accelerate reforms and to...
Economists say the rise in rates would be much steeper if markets believed that Italy was actually prepared to go through with the plans. So far (the market reaction) has been clear, but not extreme.
The European Union's budget commissioner says he hopes Italy's...
Poland to Become Less Dependent  on EU Funds
The Polish economy will become less and less dependent on the...
New export orders in European manufacturing PMIs have been slipping for months and are likely to fall further in May.
While the on-again, off-again threat of an all-in trade war...
Talent Deficit May Hit Major APEC Economies
Asia Pacific faces an imminent labor shortage of 12.3 million...
South Korea has ranked 5th with 1.1% expansion.
South Korea’s economic growth rate ranked fifth among members...
N. Korea Not Seeking US Aid
North Korea on Sunday fumed at US reports that the country is...
Egypt Wealth Fund Seeking FDI
Egypt’s first sovereign wealth fund will help the country...