Netherlands-based insurer Achmea is reportedly in early stage talks about potentially selling its life insurance business.
Four people familiar with the matter told Reuters that the company is in early discussions with rivals NN Group and Athora.
The sources say that the company, which is backed by Dutch multinational bank Rabobank, is working with bankers at JP Morgan to determine interest in the life insurance arm.
The company manages over €40 billion in assets mainly from legacy insurance policies and that the business could be worth over €2 billion, according to the news agency's report.
Alongside NN Group and Athora, the insurer its also looking at other firms with insurance platforms, like Canadian company Brookfield.
However, the Holland-based companies have a better chance over other bidders because of their location, said one of the people familiar with the matter.
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