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