Allianz Seeks Remaining Stake In Taiwan Life Insurance Joint Venture

Germany-based Allianz S.E. said it is seeking to buy the 50% stake it doesn't already own in a Taiwan life insurance joint venture from its Taiwanese partner, Uni-President Enterprises Corp.

Allianz owns 50% of Allianz President Life Insurance Co. Ltd. and said it is in substantive discussions with Uni-President to buy the rest. "We are currently in advanced talks with our joint-venture partner to acquire an additional stake in Allianz President Life," said Christoph John, a spokesman for Allianz Asia Pacific. "So far, both partners hold a stake of 50%."

Allianz Seeks Remaining Stake In Taiwan Life Insurance Joint Venture
Source: A.M. Best (subscription required)
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