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, 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)