Goldman, Allianz woo China insurer

Goldman Sachs and Germany's Allianz are separately interested in taking a stake in Dazhong Insurance Co Ltd, Reuters reported, citing industry sources. Top domestic insurer China Life has also expressed interest in the mid-sized Chinese property insurer, offering last year to buy 51% of Dazhong for between US$24.82 million and US$37.21 million. It was not yet known how large a stake the foreign firms may seek to buy but a source said the new interest casts uncertainty over China Life's original plan, with Dazhong now thinking the stake should be worth more money.