Deutsche Bank Is Said to Eye Stake in Life Insurance Firm

Deutsche Bank AG and its asset manager DWS Group are considering taking a significant minority stake in a Fosun International Ltd.-controlled life insurance consolidator, people familiar with the matter said, potentially marking the German lender’s return to the market.

The bank and DWS could inject fresh capital into Frankfurter Leben Gruppe to become a shareholder, the people said, asking not to be identified because the information is private. Frankfurter Leben manages about 700,000 insurance contracts with an investment portfolio of around €13 billion ($15.5 billion). It has about 170 employees.