Allianz Is Said Planning to Offload Large U.S. Life Portfolio
September 27, 2021 by an-Henrik Foerster, Eyk Henning, and Matthew Monks
Allianz SE is working to offload a large block of U.S. life insurance policies in a move that could free up several billion dollars in capital, people with knowledge of the matter said.
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.