Allianz exec says Swiss Life is not good fit

Fri Jan 29, 2010 4:45am EST
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DAVOS, Switzerland (Reuters) - A top Allianz executive said on Friday that insurer Swiss Life, which has been rumored as a possible target, would not be a good fit for Europe's largest insurer.

Asked whether Swiss Life would be a good fit for Allianz (ALVG.DE: Quote), Joachim Faber, who head the Global Investors division of Allianz, said "I don't think so. We are not looking for big acquisitions."

(Reporting by Lisa Jucca; Editing by Jon Boyle)