QBE denies £12.1bn Allianz takeover bid

Fund management news

The Australian insurer said it was also not in discussions with "any other potential buyer". The denial comes after Reuters quoted unnamed sources suggesting Allianz had made an informal approach to QBE. German newspaper Handelsblatt on Sunday reported Allianz had floated an A$15 per share bid, valuing QBE at A$20bn (£12.1bn). A spokesman for QBE said: "While it is QBE’s policy not to comment on rumour or media speculation, QBE confirms that it is not in discussions with Allianz or any oth