Allianz, NN, Generali eye Aviva’s Polish operations

Italian insurer Assicurazioni Generali SpA, Dutch insurer NN Group NV and German insurer Allianz SE are reportedly competing to buy British insurer Aviva PLC’s Polish insurance business for €2 billion ($2.42 billion), Xprimm reported citing Reuters. The deadline for making final bids for Aviva Poland has been postponed to late March as Aviva negotiates a key Polish distribution agreement renewal with Spanish financial services firm Banco Santander SA.

Source: Business Insurance