Skip to content

Allianz Said in Talks to Offload Assets to Cowdery’s Resolution

  • Swiss portfolio deal could be announced as early as this week
  • CEO Baete prepares firm for earnings hit after fund implosion

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as Europe’s largest insurer prepares for the financial hit from U.S. probes into its asset management arm.