Swiss Life shares rise on bid speculation -traders

LONDON Tue Mar 26, 2013 10:15am GMT

A man walks in front of the entrance of an office of Swiss Life, Switzerland's biggest dedicated life insurer in Zurich November 28, 2012. REUTERS/Arnd Wiegmann

A man walks in front of the entrance of an office of Swiss Life, Switzerland's biggest dedicated life insurer in Zurich November 28, 2012.

Credit: Reuters/Arnd Wiegmann

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LONDON (Reuters) - Shares in Swiss Life (SLHN.VX) add 2.3 percent in heavy volume, the top gainer in the European insurance sector .SXIP on Tuesday, with traders citing speculation of a possible bid from Germany's Allianz (ALVG.DE).

"Allianz interested in Swiss Life - old rumour being rehashed in Switzerland it seems," said a Paris-based equity trader.

Allianz and Swiss Life both declined to comment.

(Reporting By Andrea Lentz, Blaise Robinson, Jonathan Gould and Paul Arnold; Writing By Toni Vorobyova)

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