On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1330 AM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
64° Feels Like: 64°
Wind: WSW 3 mph Past 24 hrs - Precip: 0.05”
Current Radar for Zip

Today

Mostly Sunny 73°

Tonight

Clear 60°

Tomorrow

Scattered Thunderstorms 74°

Alerts

Breaking News

The Wisconsin Supreme Court has upheld Act 10, Photo ID and the same-sex partner registry in decisions handed down this morning.

Read More »

Allianz German unit focuses on growth without mergers

A logo of Europe's biggest insurer Allianz is pictured in Tokyo October 19, 2012. REUTERS/Yuriko Nakao
A logo of Europe's biggest insurer Allianz is pictured in Tokyo October 19, 2012. REUTERS/Yuriko Nakao

UNTERFOEHRING, Germany (Reuters) - Allianz's German unit is observing the German market for takeover opportunities while continuing to focus on growing on its own strength, unit head Markus Riess said on Thursday.

Allianz last year put out feelers toward public sector insurer Provinzial Nordwest, with sources close to Provinzial Nordwest's owners saying Allianz was prepared to pay the insurer's book value of 2.25 billion euros ($2.95 billion).

The approach ran into the sand, however, after Provinzial Nordwest said it would explore a merger with fellow public sector insurer Provinzial Rheinland instead. ($1 = 0.7628 euros)

(Reporting by Alexander Huebner, writing by Jonathan Gould)

Comments