Deutsche Bank AG has been short-listed to take part in an auction for Lloyds TSB’s life insurance unit Abbey Life, which may fetch about 1 bln stg, Financial Times Deutschland reported, without citing its sources.

Other potential bidders are Resolution Life, Pearl Group and Swiss Re, the newspaper said.
Abbey life is a closed life insurer, meaning it is not accepting new clients, that manages assets worth about 12 bln stg, according to FT Deutschland.

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Posted: 07|16|07 at 9:48 am. Filed under: News.