(Reuters) - Bermuda-based insurer XL Group Ltd XL.N is attracting interest from rivals, including Germany’s Allianz SE (ALVG.DE), Bloomberg reported, citing people with knowledge of the matter.
Allianz is looking at XL as a potential target to grow its casualty coverage business in the United States, Bloomberg reported. bloom.bg/2nRW2v9
Interest from insurers in potentially acquiring XL are preliminary and may not lead to a takeover, according to Bloomberg.
XL Group and Allianz were not immediately available for comments.
Reporting by Diptendu Lahiri in Bengaluru; Editing by Anil D'Silva