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Allianz Said to Consider Bid for Generali’s French Business

  • Companies said to be in discussions about a potential deal
  • Generali unit would add over 11 billion euros in premiums
Updated on

Allianz SE, Europe’s largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company’s French operations, according to people familiar with the matter.

Allianz executives are uncertain whether a combination with the French insurance business would be approved by regulators, and the companies may not reach a deal, one of the people said, asking not to be identified because the deliberations are private.