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XL attracts interest from insurers including Allianz: Report

Posted On: Feb. 8, 2018 9:15 AM CST

Bermuda-based insurer XL Group Ltd. is attracting interest from rivals, including Germany's Allianz S.E., 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.

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.