February 7, 2018 / 10:40 PM / 3 months ago

XL Group attracts interest from insurers including Allianz -Bbg

Feb 7 (Reuters) - Bermuda-based insurer XL Group Ltd is attracting interest from rivals, including Germany’s Allianz SE, Bloomberg reported, citing people with knowledge of the matter.

Allianz is looking at XL as a potential target to grow its casualty coverage business in the United States, Bloomberg reported. bloom.bg/2nRW2v9

Interest from insurers in potentially acquiring XL are preliminary and may not lead to a takeover, according to Bloomberg.

XL Group and Allianz were not immediately available for comments. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Anil D’Silva)

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