Legal & General and Swiss Re are among the companies considering bids for Deutsche Bank's Abbey Life Assurance, according to reports; others said to be weighing bids are Phoenix Group Holdings and Anbang Insurance Group. The deal would create a global insurance giant with assets of about $45 trillion, more than twice as big as any other insurer.
Legal & General and Swiss Re are among the companies considering bids for Deutsche Bank's Abbey Life Assurance, according to reports; others said to be weighing bids are Phoenix Group Holdings and Anbang Insurance Group. Deutsche Bank is looking to sell its UK insurance unit Abbey Life as new regulation was making the business unattractive.