Allianz considering big UK acquisition
LONDON (Reuters) - German insurer Allianz SE (ALVG.DE) is considering a big acquisition in the British general insurance market, The Financial Times reported on Friday.
Allianz was not immediately available for comment.
The FT quoted Allianz management board member Clement Booth as saying Allianz was keen to increase its presence in Britain's commercial and retail insurance markets and there was no upper limit on the size of any deal.
(Reporting by Dan Lalor, editing by Will Waterman)
© Thomson Reuters 2009 All rights reserved.
Credit headwind
News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows. Full Article
UK
US
Australian topless bathing ban urged