BHF Bank and Fosun jointly eye life insurance portfolio buys

September 17, 2015 8:04 AM

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FRANKFURT, Sept 17 Frankfurt-based BHF Bank and its Chinese shareholder Fosun are working jointly to consolidate closed life insurance business in Germany and plan further acquisitions after buying a portfolio from Switzerland's Baloise.

A fund created by the two investors has set up Frankfurter Leben Gruppe, a platform for buying life insurance companies or portfolios that are in "run-off" - paying out to current policy holders but no longer open to new ones - spokesmen for Baloise and BHF said on Thursday.

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