Deutsche Bank and its asset management arm, DWS Group, are exploring investment in life insurer, Frankfurter Leben.
According to Bloomberg, both Deutsche Bank and DW are considering injecting capital into Frankfurter Leben in exchange for a stake in the company.
Deutsche Bank’s potential return to life insurance would reverse a strategy that saw it divest from the sector over the past decade, including past sales of Abbey Life to Phoenix Life.
The bank also sold its German insurance business, Deutscher Herold, to Zurich Insurance in 2002, the same portfolio now reportedly being placed on the market by Zurich.
