Allianz Offers to Buy P&C, Auto Units from Sul America

Brazilian insurer Sul America SA has received a non-binding offer from Germany’s Allianz SE for its property and casualty (P&C) and auto units, it said in a filing on Tuesday, adding that the two companies are in bilateral talks.

Source: Reuters | Published on July 3, 2019

Allianz launches financial lines claims inhouse

If an agreement is reached, Sul America said, the firm’s operations would be concentrated in health, dental, life and pension insurance and asset management products.