Oliver Baete , chairman of German insurer Allianz , met with John Neal , his counterpart at Australian competitor QBE , in December to discuss an acquisition of QBE , according to unnamed sources . Allianz could offer AUD15 ( $ 11.32 ) per share , a 20 % discount up on QBE 's current share price , the source said . However , in a statement published 30 January , QBE denied that it was in talks with Allianz . Last week , Allianz was reported to be considering a joint takeover of Italian insurer plc , with France 's partners and dell 's Intesa Sanpaolo .
Oliver Baete, CEO of German insurer Allianz, met with John Neal, his counterpart at Australian competitor QBE, in December to discuss an acquisition of QBE, according to unnamed sources. Allianz could offer AUD15 ($11.32) per share, a 20% mark up on QBE's current share price, the source said. However, in a statement published 30 January, QBE denied that it was in talks with Allianz. Last week, Allianz was reported to be considering a joint takeover of Italian insurer Generali, with France's AXA and Italy's Intesa Sanpaolo.