Deals
Allianz's Pursuit of Insurance Targets Keeps Market Guessing
- Chief Baete is weighing a variety of acquisition targets
- Zurich Insurance, RSA, Hartford, QBE among targets considered
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A $94 billion financial behemoth is keeping the market on tenterhooks about its next move.
Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as deal-hungry Chief Executive Officer Oliver Baete scans the market for growth, people with knowledge of the matter said. Those on the list range from Switzerland’s Zurich Insurance Group AG and the U.K.’s RSA Insurance Group Plc to Hartford Financial Services Group Inc. in the U.S. or, going further afield, assets in China, they said.