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Allianz vies with Liberty Mutual to grab slice of BBVA insurance business

Oct 03, 2019 - Marketline Newswire

Germany-based insurance major Allianz has emerged as the most favourite contender to acquire certain stake in bancassurance business of Spanish lender BBVA.

Two persons familiar with the development said that chances of Allianz bagging the deal has improved after the Italian insurer Generali exited the race. One source told Reuters that transaction might be valued over (EURO)1bn ($1.1bn) and is expected to be concluded by the end of this year. A successful deal will provide Allianz access ...