Allianz weighs Hartford offer after Chubb bid – sources

March 29, 2021 by Mark Rosanes

Allianz is said to be privately considering making a counteroffer for Hartford Financial Services after Chubb’s $23 billion offer.

Sources familiar with the situation told Bloomberg that the Munich, Germany-headquartered insurance giant is discussing with potential advisers the feasibility of a possible bid. Deliberations are said to be at an early stage and Allianz could decide against making an offer.

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Originally Posted at Insurance Business America on March 29, 2021 by Mark Rosanes.